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Become a Member

THE CREDIT UNION DIFFERENCE

Membership with the Credit Union is open to everyone who is employed with the:

  • Cayman Islands Government;
  • Statutory Authorities;
  • Utility companies, or
  • An immediate family member of a Credit Union Member (an immediate family member is defined as a Parent, Sibling, Child, Spouse)

Membership Benefits

  • All Members are owners;
  • Lowest fees;
  • Each member is entitled to one vote, regardless of the number of shares held;
  • Profits are returned to members by higher saving rates and dividends;
  • No lending commitment fees;
  • Fixed loan interest rates, and
  • Interest rebate - for all loans in good standing, up to 3% of all loan interest paid may be returned to you annually in the form of cash deposited to your account.

Members……Not Customers

Members of the Credit Union are also the owners. You have a right to know how the Credit Union is performing, and you are invited to attend the Annual General Meeting where you can contribute to discussions about Credit Union matters and elect members of the Board of Directors, Supervisory Committee and the Credit Committee who will have the general good of the membership at heart.

This unique structure ensures that Credit Union remains focused on the needs of our members.

Benefits……Not Profits

Credit Unions earn income by lending the savings of members to other members at reasonable rates of interest. This income covers the expenses of the Credit Union. As Credit Unions are non-profit organisations, any surplus is channelled into providing members with better products and services and a competitive return on savings in the form of an annual dividend.

How Do I Become a Member?

Joining the Credit Union couldn’t be easier. If you qualify for membership and wish to join the Credit Union, you need to:

  • Complete the new account application form;
  • Gather all required documentation, and
  • Contact the Credit Union at 949-8415 or new.accounts@cicsacu.com.ky to book your appointment.

Appointments are recommended to avoid waiting time.

So what are you waiting for? Call or email us today to open your Credit Union account!

APPLICATION FORM

Saving Products

Loan Products