Why is saving with a Credit Union better?
Whether you’re saving for something in the future or just for a rainy day, regular saving is a good idea.
Regular saving with CRCCU is an even better idea. At CRCCU , you’re not just a customer, you’re a member of a successful financial co-operative.
Are my savings secure?
Credit Union is covered by the Deposit Protection Scheme which is administered by the Financial Regulator. This is a scheme that can provide compensation to depositors if CRCCU is forced to go out of business. It covers deposits held with banks; building societies; and Credit Unions Association (CUA) Ghana.
- The Deposit Protection Scheme covers:
- current accounts;
- demand deposit accounts;
- term deposit accounts;
- share accounts and deposit accounts with building societies; and
- share accounts and deposit accounts with Credit Unions.
What return will I get on my Credit Union savings & shares?
Every share you hold with CRCCU for the year is eligible for a dividend when declared. A dividend is the return on your shares and it is paid by CRCCU out of surplus.*
*Past performance is not a reliable guide to future performance.
- The amount of your dividend will depend on:
- The amount of shares you have saved.
- The surplus income available for distribution by your Credit Union to members.
Only members of CRCCU receive a dividend from CRCCU . The amount paid to members varies from one financial year to another.
