Members are required to buy additional shares when taking loans. This will help NCCU increase Share Capital and improve the safety and soundness of our Credit Union
Shares are to be purchased as follows:
LOAN AMOUNT
MEMBER SHARES NEEDED
Loans of up to $10,000
At least two (2) Shares
Loans from $10,000 – $ 50,000
Four (4) Shares
Loans from $50,000 – $100,000
Five (5) Shares
Loans above $100,001
Six (6) Shares and (1) additional share for multiples of $50,000 thereafter