Contract Loans

A Contract Loan is a short term loan to finance a government contract for infrastructural works. 

Terms and Conditions

• You must be a member for at least three (3) months.
• You must present a duly signed government contract.
• You require a minimum of $500.00 in withdrawable shares. Administration fee of 1% of the amount will be charged if share requirement is met, otherwise, 3% of the loan amount will be charged.
• Assignment of contract payments to the Credit Union.
• Interest is charged on the reducing balance at the rate of 2% per month.