SVGTCCU offering special to members for home security
September 27, 2013

SVGTCCU offering special to members for home security

The St Vincent and the Grenadines Cooperative Credit Union (SVGTCCU) has joined forces with various security providers throughout the country to offer a new loan package to its members.{{more}}

On Wednesday, the credit union hosted a two-day home security exhibition at the SVGTCCU business complex, as part of the launch of its loan special, which allows members to borrow up to EC$10,000 for the purpose of securing their homes, especially at a time when neighbourhood watches seem to have become outdated.

At the launch, president Dwight Lewis noted that persons often visit the credit union, seeking loans to secure their properties and, as a result, the SVGTCCU decided to offer this particular service to their members.

“Our community has changed over the years and gone are the days when you can leave home with your door unlocked and your windows opened,” said Lewis, who revealed that he has been a victim of burglaries in the past. “I think it’s a significant move we are making in terms of getting our membership aware of the need to secure your properties in the first place and what is available on the market for that purpose”.

Lewis stated that the loan is designed to cater to all the possible methods of protecting one’s home environment.

“We went further to broaden the concept, where we can look at not only protecting your home against…intruders, but also in terms of your own personal safety in the home environment. For example, the whole question of fires and such like,” he said.

In addition, the president explained that the exhibition is a way of introducing their members to some of the major security providers in St Vincent and the Grenadines, so that they can have an idea of what is offered.

He also stated that the SVGTCCU would like to encourage persons to think about security systems as early as when they begin to design their houses.

Loans manager Nekeisha Adams pointed out that normally, an individual must be a member of the credit union for at least six months before they can qualify for a loan.

However, the SVGTCCU has opted to provide this particular loan for members who fall below that category.

“With this loan special, upon joining the credit union, one can pay up to three months shares, which is just about $150 and right away be eligible to apply for this loan,” she said. “We would give a maximum of $10,000 over a term of three years”.

Furthermore, Adams disclosed that there is no cut-off point to access this special loan. In fact, the loans manager indicated that the SVGTCCU will exercise flexibility in instances where a member may need more than EC$10,000.

The two-day exhibition was held on September 25 and 26, in the SVGTCCU business complex in the Cambridge Building.

Ten service providers from across the country displayed security items for homes, which included surveillance cameras, security systems, burglar bars, fire alarms, fire extinguishers, padlocks and a variety of heavy duty gates and fencing.

The security providers present were Adams Bro. Eng. Ltd, Brackin’s Welding Services, Coreas Hazells Inc, Culture Man, Guardsman SVG Ltd, Providence Electronic Solutions, Shepherds Trading, Third Eye Security Systems, Unique Alliance and Williams Electronic Services.