Volume 2 I February 2021
What are your goals for 2021?
 What's your saving plan?

We’re here to help you navigate life’s challenges and achieve your financial goals.

Call or visit any of our friendly Member Service Representatives today!
2020 presented each and every one of us with unique challenges. I am here to share three tips to help manage DEBT. These DEBT MANAGEMENT STRATEGIES are:
·       Building a debt repayment fund
·       Debt consolidation
·       Building an emergency fund.
 
Building a debt repayment fund:
Challenge yourself to reduce your spending in one item of your monthly budget. Place the money saved each month in your debt repayment fund.
You can Switch to other budget items every month to save money so that you would not feel deprived. Be consistent and take deliberate action to be successful.
 
Debt consolidation: 
A debt consolidation loan may be taken out and the funds used to pay off all your loans/credit card balances.

This is a great strategy which allows you to combine all of your loans/ credit card balances into one loan with one affordable monthly instalment. You will then be able to track your debt repayment easily and free up extra cash each month which may be utilized for savings.
 
Building an emergency fund:
In life, there will always be an unexpected expense which may potentially wipe out your savings. For this purpose, it is prudent to build an emergency fund to protect your financial security. Whenever you pay off a loan it is always a good idea to deposit the funds used to pay the loan instalment into the emergency fund rather than spend it.

2021 GOAL CHECKLIST
LET US HELP YOU SAVE MORE TODAY!
Why a Fixed Deposit?

A Fixed Deposit is a great way to grow your savings with utmost safety. It is one of the most preferred avenues that enables you to deposit a lump sum with a guaranteed rate of return for a fixed period of time.

Our Emerald Fixed Deposit Account is an Investment Savings account with a period that spans for one (1) year at a time where the rate and interest earned is fixed.

With PSCU, the returns on your deposit are assured and remain unaffected by market fluctuations. Plus there is no risk of loss of the principal.

Check out the details below!
Click HERE to find out more!
Our new CEO, Mr. Sean Mc Millan has over 22 years’ extensive experience in management and 16 years at the senior management level, in areas of operational risk, accounting, operations management, business process improvement, mediation skills and corporate governance.  In previous capacities, Mr. Mc Millan recently served as General Manager for another Credit Union, Chairman of the Joint Health and Safety Committee and has sat on the audit committee of a State Board that deals with providing project management services for multi-million-dollar construction projects. 

Mr. Mc Millan possesses a Master’s Degree in Business Administration from the Heriot Watt University and an Executive Certificate in Leadership from the Arthur Lok Jack School of Business. He is a Qualified Accountant and Fellow with the Association of Chartered Certified Accountants and a member of the Institute of Chartered Accountants of Trinidad and Tobago. He is also a Certified Accounting Technician. 

Providing a superior customer experience and delivering a quality product are important to him. Although his academic accomplishments and work experience demonstrates his integrity and attention to detail, our CEO is a family man who has a green thumb, enjoys traveling, learning new cultures, meeting people and exploring culinary delights.
To register, please click HERE.
We have a WINNER!
Congratulations to Ms. Natasha Brewster, our Arima member on winning $10,000 for our Christmas Wish List loan promotion for 2020. Ms. Brewster is captured here with our CEO, Mr. Sean Mc Millan and again with our Arima Supervisor Mrs. Karen Holder-Parks.
Let us help you create a plan to save.
Call, visit and click on www.pscutt.com TODAY!
PSCU Cooperative Society Limited