When you become a member of St John’s Credit Union Ltd, the first Accounts you open are your Mandatory and Ordinary Share Accounts. One of the fundamental blocks of a solid financial foundation is saving. The more you save, the more freedom you have to buy the things you need, as well as the things you want.

Mandatory & Ordinary Share Accounts are part of every member’s ownership in St John’s Credit Union Ltd.  The CU pays dividends on shares.  Dividends are very similar to interest.  Members of the CU receive dividend earnings at the end of each fiscal year.  The more your shares are the more dividend you will be paid.

Shares used as loan collateral cannot be withdrawn. If requested for withdrawal, approval by the Board of Directors must be obtained.

The regular deposits account is used as a personal savings account. Funds can be deposited and withdrawn from this account without restrictions. Dividends are not normally paid on this account, but it is possible if deemed appropriate. This account can therefore be used as a savings account in any lending institution.

The “Toucan Junior Saver’s Accounts”  is more than just a fun savings account rather it is a great savings tool designed to encourage savings and responsible spending earlier in life.   Learning sound saving habits at an early age will help your kids better prepare themselves financially for future needs.  Newborns & Children up to twelve (12) years old can open a “Toucan Junior Saver’s Account.”

Toucan Junior Saver’s Enjoy:

• A quarterly raffle conducted every 3 months . (For every $20.00 save account holders receive entry tickets into a raffle to win cash prizes. Three winners are selected, prizes are deposited directly into account holders Ordinary Shares. Members are informed immediately when they become a winner)

• Each Account holder receives a yearly Birthday Card.

• Become a part of the growing credit Union Movement Worldwide.   It is never too early to teach the value of good savings habit. Open a Toucan Junior Saver’s Account today.

ABOUT THE TOUCAN

St. John’s Credit Union Limited embraces the Keel Billed Toucan, the National Bird of Belize as its mascot to launch its Junior Savers Account. The toucan is noted for its great, canoe-shaped, bill, with brightly coloured green, blue, red and orange feathers. The bird measures about twenty (20) inches overall in length and is mostly black with yellow bright cheeks and chest, red under the tail and a distinctive white patch at the base of the tail.

They can be found in open areas of the country with large trees and make monotonous frog-like croak. Toucans like fruits and eat by cutting with the edge of their bills.

Toucans nest in holes in the tress and lay two to four eggs which are incubated with the assistance of both parents. The nesting stage lasts from six to seven weeks.