The Vision Account, as the name indicates is a savings plan with a purpose in mind; be it Christmas shopping, insurance payments, school and vacation, among other financial goals. This account can also serve as part of a savings obligation whenever a loan is taken and can be used as loan security.
You, the member, sign a one year contract promising to save the same amount of money periodically. This could be every week, fortnight or month. At the end of a one year period, interest is paid. If you decide to increase the amount of money due for a particular period, no additional interest will be paid on the increase. Conversely, if a savings period is missed or savings stopped, interest is forfeited.
It must be emphasized that interest is paid ONLY on contractual savings. We offer Standing Order services for the automatic deduction of your desired savings amount for the savings period you have agreed upon.
Laborie Co-operative Credit Union Ltd. is a financial co-operative established with the mandate to improve the quality of life and standard of living of its members for the entirety of their lives.