Service Fees - Insurance Employees Co-operative Credit Union

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Documents Required for Membership for Individuals Employed or are clients in the Insurance, Building Society and Financial Services Including Minors

dummyCompleted Membership Application Form
dummyProof of Address (Utility bill in your name [must include your parish], credit card statement, bank or hire purchase statement in your name; post marked envelope addressed to you; registered mail addressed to you; rent receipt or copy of lease agreement; cable receipt from a recognized cable company or Completed Address Verification Form).
dummyValid Identification (Passport, Driver’s License, Voters or Company ID)
dummyob Job Letter from employer and/or last pay slip
dummyIf applicant is a client: Copy of policy, account, or contract
dummyTax Registration Number (TRN or other unique reference number issued in another country as follows: SSN/TIN – (US Resident /SIN- Canadian Resident/NIN- UK Resident)
dummyTo open account: Minimum $4,200.00

Documents Required for Membership for Individuals Outside of the Insurance, Building Society and Financial Services Including Minors

dummyCompleted Membership Application Form
dummyProof of address (Utility bill in your name (must include your parish), credit card statement, bank or hire purchase statement in your name; post marked envelope addressed to you; registered mail addressed to you; rent/property tax receipt or copy of lease agreement; cable receipt from a recognized cable company or Completed Address Verification Form)
dummyValid Identification (Passport, Driver's License, Voters ID)
dummyEvidence of relationship with member or statement from connected member
dummySelf-employed proof of income: Completed IECCU Self Employment Verification Form along with Invoices/ receipts, contracts and income statements for the previous financial year to substantiate information
dummyTax Registration Number (TRN or other unique reference number issued in another country as follows: SSN/TIN – (US Resident /SIN- Canadian Resident/NIN- UK Resident)
dummyTo open account: Minimum $4,200.00
dummyJob Letter from employer and/or last pay slip
dummyIf unemployed, letter addressed to The General Manager, IECCU - from the individual who is financially responsible for you stating same, along with a copy of their government issued I.D. and proof of employment (payslip/job letter, IECCU Self Employment Verification Form or Bank Statement) to provide proof of source of funding
dummySelf-employed with registered business should submit the following in addition to the items 1,2,3,5, 7 & 8 above:

TRN for Business
Submit proof of Business Address (utility bills)
Memorandum and Articles of Association
GCT Certificate

dummyIf unemployed, letter addressed to The General Manager, IECCU - from the individual who is financially responsible for you stating same, along with a copy of their government issued I.D. and proof of employment (payslip/job letter, IECCU Self Employment Verification Form or Bank Statement) to provide proof of source of funding.

Insurance Employees Co-operative Credit Union

Mon - Thurs 8:00 am - 2:30 pm / Friday 8:00 am - 3:00 pm

Service Fees

Among the lowest available

Our commitment remains to ensure members are able to receive the most convenient and efficient service possible and that the costs associated with these services are among the lowest available. After four (4) years of no change, rates have been set, as seen below:

Services	Fees		GCT			Total
New membership application	4,200.00		-			4,200.00
Maintenance of accounts NO CHARGE
Dormant account NO CHARGE
Reactivation of dormant account NO CHARGE
Letter (regular)	1,200.00		180.00			1,380.00
Letter (express)	2,580.00		387.00			2,967.00
Research per year back	500.00		75.00			575.00
Stop deduction letters NO CHARGE
Credit report	1,700.00		255.00			1,955.00
Returned cheque	2,500.00		375.00			2,875.00
Cancelled cheque	1,030.00		155.00			1,185.00
Additional cheque	100.00		15.00			115.00
Standing order (internal) NO CHARGE
Standing order (external)	170.00		26.00			196.00
Salary deduction posting NO CHARGE
SIPPA Fee	3,500.00		525.00			4,025.00
Discharge of mortgage	2,500.00		375.00			2,875.00
Duplicate release of assignment NO CHARGE
Discharge of lien NO CHARGE
Change of security (internal)	1,000.00		150.00			1,150.00
Hypothecation for other lenders	1,500.00		225.00			1,725.00
Tax Office visit for amendments to motor vehicle titles
Corporate area	500.00		75.00			575.00
Out of town	2,000.00		300.00			2,300.00
Debit card replacement	300.00		45.00			345.00
ABM fee (applied monthly)	125.00		18.75			143.75
Quarterly statement of accounts NO CHARGE
Statement request outside of regular statement period	500.00		75.00			575.00
Moratorium	1,000.00		150.00			1,150.00
Transfers between internal accounts NO CHARGE
In-branch deposits NO CHARGE
In-branch withdrawals NO CHARGE
Cheque Encashment NO CHARGE
In-branch point of sale transaction
Debit card (per transaction)		43.50		6.50	50.00
Credit card (per transaction)		4% of amount		+ GCT
Cheque Deposit to bank on members request		3,000.00		450.00	3,450.00
Real time gross settlement (RTGS / ECH / Wire Transfer / Direct Deposit)
Outbound Transfers
Local banks	400.00		-			400.00
International Banks	N/A		-			N/A
Inbound Transfers
NCB/Telemidas	4% of amount		+GCT
BNS/Telescotia NO CHARGE
Other Local Banks NO CHARGE
Late Loan Payments	1,000.00		150.00			1,150.00
Letter of Undertaking	3,000.00		450.00			3,450.00
Debt Collector VARIES

Kingston Address

27 Parkington Plaza
HalfWay Tree Rd
Kingston 10
Jamaica
West Indies

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Montego Bay Address

Shop #22
Sagicor Shopping Centre
Howard Cooke Boulevard
Montego Bay
Jamaica

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About Us

The first credit union in Jamaica to have received a Level I Accreditation.

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