A person must buy shares to become a member/owner of the St. Lucia Teachers' Credit Co-operative Ltd. The cost of a share is $5.00.
Shares should not be withdrawn during membership; however and application to the board giving at least one (1) week could release part or all of your Shares - Upon termination of membership, all share savings along with dividends will be returned to the member.
It is a savings account
Any amount can be deposited or withdrawn as you wish
Interest is paid at 3% per annum on the minimum quaterly balance
Members as well as non-members, can use this account (including organizations)