The St Patrick’s Cooperative Credit Union (SPCCU) Limited has formalized a specific package of relief in keeping with its commitment to assist members in the difficult time created by the spread of the Coronavirus (COVID-19).
Cognizant of the fact that members have begun feeling the effects because of the loss of livelihoods, reduction in disposable income due reduced working hours and/or increasing expenses, the Board of Directors has taken the following decision to assist members:
A moratorium on loan payment (principal and interest) for a period of three (3) months in the first instance.
Financial advice and counselling
All applications for the moratorium on loan payments will be assessed on a case by case basis. The reason for the application must be clearly articulated during the application process. Supporting documentation will be required to verify the reasoning provided at the point of application.
Members requiring a loan deferment are invited to contact the SPCCU Loans Department from April 20, 2020 via the SPCCU contact details provided below:
Telephone 491-3666/ 491-3070/ 491-3668
The St Patrick’s Co-operative Credit Union (SPCCU), in addition, advises members and the general public of the following operating hours for the SPCCU:
1. Monday April 20, 2020 - 8:00AM to 2:00PM
2. Tuesday April 21, 2020 - 8:00AM to 2:00PM
3. Wednesday April 22, 2020 - 8:00AM to 2:00PM
This initiative by the SPCCU is intended to assist members' access to cash resources to facilitate their preparations for the eight (8) days island wide shut down as announced by the Government of Montserrat.
Further notice will be provided in due course regarding the future operating hours of the SPCCU base on the direction provided by the local authorities.