Become a Member

Who can become a member

1. not younger than sixteen (16) years of age
2. born within the Dennery area or its environs or,
   1. residing within the Dennery area or its environs for at least twelve (12) months or,
   2. working within the Dennery area or its environs for at least twelve (12) months or,
   3. a child or spouse of a member,
3. not declared bankrupt
4. of a sound mind

How to become a member

• Fill out the membership application form addressed to the Secretary of the Board
• Payment of membership fees including entrance fees of $10.00
• Payment of at least twenty (20) shares at a par value of five dollars ($5.00) per share.

Upon approval of the application by the Board of Directors, the shares are converted to membership shares and the applicant shall be enrolled as a member.  The applicant shall be entitled to all of the rights and privileges of membership.

Benefits of being a member

• Payments can be made through payroll deductions
• Income tax deductions
• Loans at reasonable interest rates
• Members can get financial returns in the form of:
  • Dividend on membership shares
  • Interest on withdrawable shares and deposits
  • Patronage refund on interest paid on loans

• Financial counseling
• Insurance on members shares and loans up to age 70 years paid by the Credit Union
• Benefit from Family Indemnity Plan