St. Francis Xavier Credit Union Ltd

St. Francis Xavier Credit Union Ltd. was founded in 1947 by Fr. Henry Suttie S.J. It functioned for some years, but it was financially weak and stagnant. In December of 1979 it was re-organized by Fr. James Walsh S.J., and under new management, it has been growing and thriving since.

St. Francis Xavier Credit Union Ltd. is a cooperative financial institution, having a Cooperative Structure. However, Credit Unions are different from other financial institutions in several unique ways. They are organized for the purpose of providing financial services to a certain group of people, the members. All surplus earnings are returned to its members in the form of dividends and rebates annually. It is a democratically controlled organization; each member has one vote. "People Helping People" is the basic philosophy of the Credit Union.

Reasons to Join the Credit Union

• You become part owner of a financial institution.
• You are entitled to exercise your democratic right by casting your vote at election or being elected to any one of the committees that run the organization.
• You can access credit in the form of loans at a very low interest rate, 1% per month on reducing balance. Loans are insured up to $40,000.
• When you borrow from a credit union, your savings remain intact so that while you repay your loan, your savings continue to grow.
• You have the convenience of saving by payroll deduction.
• Your savings are entitled to free insurance up to age 65, life savings benefits up to a maximum of $10,000 based on your savings. If death is by accident, this benefit amount would double. Plus a funeral benefit to a maximum of $4,000 in the event of death (Womb to the Tomb).
• You receive annual dividends and rebates.
• Your money invested in term deposits has attractive interest rates.
• You have the benefit of exposure to the world of business by becoming involved in the Board of Directors/Supervisory Committee/Credit Committee of your Credit Union.
• Finally, you become one of the millions of persons around the world who participates in this great movement of social and economic justice.

When Fr. James Walsh S.J. re-organized the Credit Union in 1979, he asked Vicente Canul to take on the challenging task of General Manager. He still holds that post, and continues to help the Credit Union thrive. The following personnel assist in the overall efficiency of the workings of the Credit Union.

Service to Members, A Priority

Every employee at St. Francis Xavier Credit Union is here to serve you. The personnel you are most likely to encounter are the tellers, as well as others. You will usually find several tellers on duty. This is supportive of our "People Helping People" philosophy.

Save regularly     Borrow wisely     Repay promptly

St. Francis Xavier Credit Union
5th Avenue/1st Street North
P.O. Box 174, Corozal Town
Phone: 501-422-2892 or 501-422-0075
Fax: 501-423-3611
Email:

Hours: Mon-Thurs 8:00-11:45, 1:00-3:00
Fri 8:00-4:00 (Open during lunch)

Sartejena Branch: 501-423-2213
San Pedro Branch: 501-226-2877