Share Accounts

Shares are a form of compulsory savings for members. Shares represent the member’s ownership in the Credit Union and form the capital base for the organization. Dividends are paid on shares and are declared at the Annual General Meeting. Regular Shares These are redeemable in accordance with the bye-laws of the Kingstown Co-operative Credit Union Limited. Permanent Shares Every member must acquire at least EC$100 shares. These shares are not redeemable. Life Savings Insurance This product provides share insurance to each member in proportion to the amount of shares and the timing of share investment up to a maximum Ten Thousand Dollars (EC$10,000).