AGM Report 2016
The St. Lucia Teachers’ Credit Co-operative Ltd (SLTCC) warmly welcomes all members of the teaching profession back to school and wish all a very successful 2017-2018 Academic Year.
The SLTCC was again the host of another successful annual Depositors’ Camp in July. For the first time, the camp was held simultaneously in the North and the South. The SLTCC would like to thank all the volunteers for giving their time and effort to help promote the work of the SLTCC.
We are also pleased to inform of another successful bursary distribution in 2017. This event is scheduled to take place annually on the third Thursday in July. Members with children who were successful in the common entrance exam received a onetime bursary of $400.
Members are encouraged to continue signing up and utilizing the online banking facility. Please make arrangements for this facility if you are yet to do so.
In an effort to continue to meet the many needs of its members, the SLTCC will work closely with contact persons and school thrift teachers at the schools. In that regard, we thank them for supporting teachers and students and look forward to strengthening the vital link that connects members, the school thrift and depositors to SLTCC.
We all look forward to our AGM in the new term, as well as the observance of Financial Literacy Month in October.
We look forward to your continued support and involvement in all our upcoming activities.
Don’t be fooled by low interest rates or quick turn around times!
When borrowing: BE SURE that the interest rate being offered on the loan is fixed on not variable. This means that it cannot change over time. BE SURE that your interest is calculated on the reducing balance.
This means that your monthly repayment gets lower as you go along. BE SURE to check out all the fees you have to pay to get this loan. BE SURE to know what the penalties are for late or non payment of loans. BE SURE to find out if your loan is insured. This means if you die or become permanently disabled, you loan does not become the burden of your family members.
DID YOU KNOW…..? That at the St Lucia Teachers’ Credit Union Ltd, fees for loans are often non existent! That your loans at the St Lucia Teachers’ Credit Union are insured and if you become permanently disabled or die, your debt is cancelled!
Talk to a representative today and let us help you to BORROW SMART!!