CTCU | Services

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Credits & Loans

Credit facilities and consumer loans come in many forms with varied terms. Consolidated Telephones Credit Union is a leading source of credit through loans to our valued members.

If you need to borrow money for an essential item or to make your life more manageable, CTCU welcomes you to familiarize yourself with all the credit and loan options that are available to you at reasonable and affordable terms.

Savings & Investments

We at Consolidated Telephones Credit Union Co-Operative Society Limited are driven by our purpose to shape member financial fitness and future. Saving, spending, borrowing, and planning are indeed rewarding experiences. C.T.C.U. members are in control and prepared for the opportunities and challenges life presents.

Members are the focus of everything we do at C.T.C.U. and this definitely sets us apart from any other financial institution. Community building and helping people remain two of our key guiding principles. We stand by our members in seeking the greatest potential and we ensure that our experiences with the growth and management of our wealth are positive ones.

Our members are valued beyond their financial investments. Staying close to the people we serve is fundamental to our success. They have a say in our business and earn a share of our surplus and all other cooperative society benefits as guided by the Co-Operative principles.

Our exceptional service is powered by the knowledge and experience of a committed Board of Directors, devoted officers and loyal and enthusiastic employees, every one of them dedicated to helping our members feel good about their wealth.

Deposits

Your Consolidated Telephones Credit Union Deposit Account is a basic type of savings account that allows you to deposit money, keep it safe, and withdraw funds, all while earning periodic interest. Your risk of loss is virtually nonexistent as your deposit funds (up to $50,000.00) are insured.

It is generally wise to have a savings account such as your deposit account at C.T.C.U. as keeping cash elsewhere that you don’t plan to spend in the immediate future is unsafe, and using this deposit account can be a means of setting aside funds to reach longer-term goals.

Your Deposit Account holds your money in a safe place: your credit union.

Your C.T.C.U. Deposit Account offers easy access to your cash. Once you’re ready to retrieve your money, you can request a withdrawal via cheque or transfer funds to your bank account to pay by an electronic funds transfer (ACH).

Fixed Deposits

Enjoy competitive interest rates for your money invested for fixed periods!

The Consolidated Telephones Credit Union Fixed Deposit (or FD) is a low-risk financial instrument that we offer to our members. You can easily invest in a Fixed Deposit and grow your savings at a fixed rate of interest, which is higher than interest rates offered by traditional savings accounts. The convenience of investing along with the safety of your deposit can help you plan your short-term and long-term goals easily.

At Consolidated Telephones Credit Union Co-Operative Society Limited, you get attractive Fixed Deposit interest rates, so you can save for your goals easily. Investing in a C.T.C.U. Fixed Deposit is easy, as you can invest from the comfort of your home through our secure and convenient customer outreach process.

In today’s times of increasing market volatilities, investing in a C.T.C.U. Fixed Deposit can help you get assured returns and steady growth of capital so you can build your savings with no effect of market fluctuations.

With a Consolidated Telephones Credit Union Fixed Deposit Account you can be assured that your money grows safely and soundly. The C.T.C.U. FD means security for you and your family through medium to long- term savings.

Invest wisely today by opening a Consolidated Telephones Credit Union Fixed Deposit Account.

Savings as shares in Consolidated Telephones Credit Union are simply a better way to save. You are not just another customer but an active member of a successful and trustworthy financial co-operative where you have a share in the ownership of the Business.

Along with having a say in the operation of the Credit Union you also earn dividends. If the credit union has a surplus at the end of the year this is given back to our members by way of a dividend (the percentage for which is recommended by the Board of Directors before being ultimately determined by members’ votes at the relevant Annual General Meeting (AGM).

Every year, we underline our commitment to our members by sharing as much of our surplus with members as possible. The more business you do with Consolidated Telephones Credit Union, the more savings and investment rewards you earn.

Security and Benefits of Credit Union Savings

Consolidated Telephones Credit Union members can rest easy in the assurance that their savings are protected. Our Credit Union is secured in several ways:

Savings balances over and above any loan you may have are available to you to withdraw on demand.

Member’s savings within stipulated limits are insured through CUNA Caribbean Life Savings Insurance whereas CUNA Loan Protection provides coverage for Credit Union loans.

The Trinidad and Tobago Credit Union Deposit Insurance Fund Co-operative Society Limited (TTCUDIF) insures our members’ investments.

Your shares are covered up to One Hundred and Twenty-Five Thousand Dollars ($125,000.00)

Your deposits are covered up to Fifty Thousand Dollars ($50,000.00)

This means the money you put in and the interest earned is safe and secure – up to these revised dollar amounts.

(Note: The TTCUDIF was formerly known as the Trinidad and Tobago Credit Union Stabilization Fund Co-operative Society Limited. This change was rendered effective on April 14th, 2015. More information can be found at http://stabfundtt.com)

Family Indemnity Plan

The loss of a loved one has both an emotional cost as well as a financial one. The Family Indemnity Plan (FIP) offers financial comfort at your time of bereavement by providing a benefit to be used to cover the funeral cost for yourself and eligible family members. Up to six family members, including your parents, can be covered by this plan.

Some noteworthy benefits of the FIP are:

Stress-free - Money is one less thing to worry about. One monthly premium covers final expenses for you and up to five eligible family members (including any two persons you choose from your parents and parents-in-law)

Respectfulness - Allows for a dignified farewell for a family member

Flexibility – Members can choose the plan that best suits their needs. You can now enjoy up to One Hundred Thousand dollars coverage with the new Plan G*

Accessibility - No medical examination or questions

Duration - Lifetime insurance coverage. You get lifetime insurance coverage once you enroll before age 76

Efficiency - Payments for claims are made within three (3) days - You are eligible to receive the full benefit (per person) where valid claims are made*

Learn More…

Insurance & Protection

Health & Life Insurance

“At Consolidated Telephones Credit Union, we strive to take care of our valued members in every way we can. Another innovative way that we care for our members is through our Group Medical Insurance Plan.

CTCU has partnered with Guardian Life of the Caribbean to ensure the delivery of premium medical care and insurance coverage for our members.” Learn More…

Are You Interested?

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Legal

Address

37b Circular Road
San Fernando
Trinidad and Tobago

+1(868) 653-2828

info@ctcutt.com

Consolidated Telephones Credit Union provides a wide range of financial services to its membership at highly competitive rates which includes our Fixed Deposit portfolio, our Motor Vehicle and Short Term loan policies. We lend to our members at attractive rates for provident and productive purposes and we also provide consultation in money management freely to all our members.