MCCU Annual Report - page 73

73
13. Savings Deposits (cont'd):
iv. Insurance Savings Club
vii. Solid Saver Deposits
v. Youth Savings
vi. Partner Plan Plus Deposits
viii. Horizon 55
ix. Wealth Accelerator Savings
14. Payables:
2013
2012
$
$
Collector of Taxes
5,687,267
4,610,839
Salary Deductions Payable
4,892,839
4,631,365
Other Payables
4,610,106
3,097,497
15,190,212
12,339,701
15. Non - Interest Bearing Liabilities - Others:
2013
2012
$
$
Estate Accounts
5,167,517
6,006,960
5,167,517
6,006,960
This amount represents unsettled claims in respect of deceased members.
This represents deposits made in equal monthly instalments for varying periods of between 12 weeks and 48
weeks on which bonuses between one-fifth to two and a half times the weekly throw were paid at the end of the
contractual period.
Solid Saver Deposits are savings accounts on which interest was paid at rates of between 1.2% and 2.2% per
annum.
This represents deposits for periods between 6 and 36 months on which interest was paid at 6% per annum.
MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - (CONT'D)
YEAR ENDED 31ST DECEMBER 2013
Insurance Club Deposits are savings accounts on which interest was paid at rates ranging from 1.2% to 2.20%
per annum.
This represents long-term savings accounts on which interest was paid at rates of between 2.64% and 4.35% per
annum.
Youth Savings are accounts on which interest was paid at rates of between 1% to 2.0% per annum.
MANCHESTER CO-OPERATIVE CREDIT UNION
ANNUAL REPORT 2013
I...,63,64,65,66,67,68,69,70,71,72 74,75,76,77,78,79,80,81,82,83,...126
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