Usine Ste Madeleine Credit Union
Usine Ste Madeleine Credit Union Co-operative Society Limited
(Office) Usine Ste. Madeleine, San Fernando
(Mailing) P.O. Box 7772, La Romain
Email - email@example.com
Bond of Membership
All persons 18 years and over are eligible for membership at the discretion of the Board.
Products & Services Offered
- Savings Accounts
- Fixed Deposits
- Life Savings
- Loan Protection Insurance
- Family Indemnity Plan (Cuna)
The Usine Ste. Madeleine Credit Union Co-operative Society Ltd. formerly Caroni Ltd. (Ste. Madeleine) Employees Co-operative Society Ltd. was established in 1963 with twelve members. As at 31/12/09 the membership stands at 500 with a Share Capital of $17.5M. and Assets of $59.8M.In our quest for excellence and service to our members, since 1985-2000 we have declared a dividend of 8% the maximum requirement that could have been paid by any Credit Union. Since the removal of the 8% ceiling payable on dividends we have paid a dividend of 9% until the year 2005. Proudly, for the year 2006 and 2007 we declared a dividend of 10.5% and for 2008 a dividend of 9% was declared.