Debt Consolidation

Free yourself from the burden of debt with our unsecured debt consolidation option. You may access up to $1.5M with this option to help you bring all your loan payments into one affordable monthly payment.

To apply, you’ll need the following:

  • Letter of employment outlining the status of employment
  • Last two (2) pay slip
  • Valid photo ID
  • Proof of intended purpose
  • Golden Harvest with savings of at least $2,000 p/month to be opened with this account
  • 3 guarantors – two (2) must be members of the Credit Union while one may be a non-member

This loan will require you and your guarantors to submit a credit check. You’ll need $150,000 in shares to qualify.










Who can become a member of the JTA Co-op Credit Union Ltd.?

Membership is opened to all workers in the educational sector who are members of the Jamaica Teachers’ Association (JTA).

How do I become a member?

Once you are a member of the Jamaica Teachers’ Association you are eligible for membership at JTA Co-op Credit Union. You may join by completing our membership application form (see e-forms page for a copy) and submit the following with your completed application form:

  • Passport-sized photograph

  • Two of your most recent pay slips (for proof of income)

  • Proof of address. This may be a utility bill in your name or postmarked envelope addressed to you. You may also submit an address verification form witnessed by any of the following: JP, Police Officer in the rank of Inspector, School Principal or Minister of Religion

  • Proof of JTA membership. Your pay slip or your JTA membership card may suffice here

  • Valid photo ID ( Drivers’ Licence, Voters’ ID or Passport).

  • TRN card – needed if ID being used is a Passport or Voters’ ID

  • Initial deposit of $2,510.00


How soon can I borrow?

You are eligible for a Loan within Savings immediately after joining

You are eligible for a starter loan or any secured loan after 3 months of consistent savings

You are eligible for all other loans after 6 months of continuous savings

How much can I borrow?

You are eligible to borrow up to 10 times the amount saved in your shares. The maximum amount any one member is able to borrow is $ 10 million.

Are my loans at JTA Co-op Credit Union insured?

JTA Credit Union insures loans of up to $6million (for each member) at no cost to members.

What are the investment rates at JTA Co-op Credit Union like?

JTA Co-op Credit Union will pay members up to 7% pa. on investment in the Teachers Optimizer Plus account. Members earn 6% pa. on savings in the Golden Harvest Savings Account.


EASI Access Savings Account

You can have 24 hour access to the money you have saved in this account through the Access Plus Debit Card. You can use your Access Plus debit card at any ATM or Point of Sale Machine Island wide. You only need $500.00 to start!


Christmas Club Savings Account

The smart way to plan for Christmas is way in advance! Start a Christmas Club savings plan at your school and do just that. To start a Christmas Club Savings Plan, at least five members at your school must come on board and save together each month. One member of the group can assume the role of the bursar and deposit your savings at the Credit Union at the end of each month. As a group, you’ll benefit from a higher return on your savings.

Ordinary Deposit Account

This is a regular savings account that attracts interest and that can also be used to secure a loan.