7.5% Mortgage X-Plosion

• Published On: Aug 1, 2008
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• Category:: General
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• Posted by:: Administrator

The WCCCU Ltd. mission is the total development of its membership and maximizing member’s benefits through cost effective financial services consistent with co-operative principles, appropriate legislation and prudent management. The aim of the non-profit society is to create a source of credit at affordable rates of interest and the provision of full financial services for its members.

Over the past year the society has monitored and analyzed the economy and has recognized the toll that the steady rise in world prices has on its members in all aspects. It is because of this phenomenon that the society has seen the need to reduce its mortgage interest rate. “We are taking the initiative to encourage our members to become homeowners, but in so doing we wish to ease the burden of all those who choose this path,” says Sales, Marketing & Communication Officer, Virginia Felix-Serrant.

The West Coast Co-operative Credit Union Ltd. new mortgage interest rate of 7.5% has taken effect as at August 01st, 2008. All new mortgages and existing mortgages at the society will be affected by this change; the society hopes to enhance its members spending power with that endeavor, by putting more money in their hands.