The strength of the Credit Union is represented by the worth of its Share Capital. Each share purchased is a contribution towards the pool of resources from which members borrow in time of need. As a shareholder you are part owner of the Society with an equal opportunity to benefit from all services that Progressive provides.
A share savings account:
- Allows members to borrow up to one and a half times the amount
- Can be used as security for a loan
- Gains dividends annually as decided at the Annual General Meeting
- Covered by insurance up to TT$75,000.00