Services
Palo Seco Credit Union Co-operative Society Limited offers competitive and attractive rates of return on investment accounts and Saving options,such as Shares Account, Thrift Account, Fixed Deposit and Ordinary Deposit Accounts. The Palo Seco Credit Union aims to provide a high level of customer service, whilst catering to our membership needs. A partnership was formed with Cuna Caribbean Insurance and Sagicor Health Insurance, and with the formation of these partnership, the organisation was successful in providing Medical Health Plans, Loan Protection Plans and Death Benefits Plans.
LETTERS
- EMBASSY LETTERS
- BANK LETTERS
(STATEMENT OF ACCOUNTS, NON-INDEBETEDNESS AND SETTLEMENT LETTERS)
- MEMBERS STATEMENTS
*Letter requests can be made via email or telephone. All requests are processed within a period of three(3) working days, starting the day after the request.*
Members who are interested in Share Withdrawals ,can fill out the application form provided.
All members who wish to apply online are kindly asked to scan all completed and sign forms and attach a valid copy of local National ID/DP/PP. All members are asked to provided a valid reason for each withdrawal.
Examples includes:
- MEDICAL EXPENSES
- HOME REPAIRS
- BUSINESS INVESTMENTS
CASH WITHDRAWALS new covid procedure
SHARES ACCOUNT
Shares is a unit of ownership in a corporation. As a shareholder, you are entitled to an equal distribution of any profits that are declared, in the form of dividends.
THRIFT INVESTMENT ACCOUNT
Save towards a particular goal and earn interest compounded at a rate of 2.5% monthly.
Save and earn interest starting as low as One Hundred Dollars (TT$100.00) Monthly or weekly for a period of
12 -36 months.
FIXED/SPECIAL DEPOSIT
Under these terms we offer joint account with member or non-member of the Credit Union. Deposit from Three Thousand Dollars (TT$3,000.00) up can earn competitive rates from 1.30%-3.25% annually.
*Rates are negotiable based on the amount*
ORDINARY DEPOSIT ACCOUNT
All members may operate a Deposit Account to conduct daily transactions. All over the counter withdrawals are sunjected to a maximum limit of Four Thousand,Nine Hundred Dollars (TT$4,900.00) daily.