At Manchester Co-operative Credit Union (1977) Ltd., we provide our members with an opportunity to access loans for activities which will enable them to enhance their standard of living: through the purchase of house, land, motor vehicle or home improvement. We also provide loans to increase one's income and for consumer purposes.

Your loan amounts will depend on your level of savings with us, your ability to repay, your character, your economic and personal conditions, and the form of collateral or security being offered

This loan can be used for any purpose. Have a shares account at the Credit Union and you can borrow up to 95% of your savings. Additionally, funds available at other financial institutions can be used as security for a cash secured loan.

This loan is for those members that wish to embark on upgrading their educational status. Requirements include having an acceptance letter from the educational institution and proof of purpose for the loan (such as in the purchase of books etc).

This loan may be used to purchase a house on the open market, build on your own land, improve your existing home or to acquire land. Members must have active accounts and have a registered land title.

Features & Benefits

1. Acronym for Home Ownership Provided Easier.
2. Purposes include: to purchase a home on the open market, to build on own land, to improve an existing home or to acquire land.
3. Only 10% share requirement.
4. Loan amounts of $500,000 to $3,000,000.

Motor vehicle loans may be secured by the motor vehicle themselves additionally, motor vehicles may be accepted as security for loans regardless of the purpose. The table below outlines the requirements.

Do you have a business idea that needs funding to turn it into a reality?

Do you currently operate a small business and want to expand it?

Then the Manchester Co-operative Credit Union’s Small Business Development Fund is the answer for you.