242-461-6400 The Myles E Munroe Diplomat Center,
Carmichael Road, P.O.Box N-9583,
Nassau, Bahamas
 

Credit Union Survey

Please join us as we are working to establish a new financial services union (credit union) with a vision to serve and strengthen the financially underappreciated Kingdom Citizens Community

Dear Kingdom Citizens:

The Citizens Financial Services Cooperative Union is a newly proposed non-profit organization with the mission to provide affordable financial services to the unbanked and underappreciated kingdom citizens, so that more people may be able to pursue their dreams and visions, making this world a better place for all.

We feel called to explore new alternatives to the "too big to fail" banks and to predatory payday lenders. We have carried out our preliminary research and discussions with the Department of Cooperative Development to seek their guidance in this regard.

We believe this new credit union will be of great financial benefit to you and your family and the community. Like any other bank or credit union all accounts will be insured, managed by competent and qualified kingdom citizens and regulated by the Central Bank of The Bahamas. Our goal is to be the nation's most convenient and service oriented credit union/bank for the underappreciated. Our goal is to provide lower fees and better interest rates to our citizens and people.

Before we can submit our application for final approval we need to show the Department of Cooperative Development that there is enough support and commitment from the community to start a new credit union. The attached survey will assist us with this task. Please voluntarily complete the survey questions below.

THIS MARKET SURVEY IS NOT LEGALLY BINDING. YOUR INFORMATION WILL NOT BE SHARED

Non-Binding Market Survey for proposed Citizens Financial Services Cooperative Union

  1. Yes No , I would be interested in joining the proposed Credit Union.
    If YES, how soon would you join after the credit union opened? Months
  2. Are you currently a member Or customer at a credit union?
  3. Please indicate which of the following products and services are Desired or Necessary for you to join the credit union (use a D for Desired and an N for Necessary):
  4. Would you be willing to make an initial deposit in the credit union? Yes No
    If yes, how much would you be willing to deposit? $
  5. I would also be interested in making regular deposits (such as payroll deduction) in the credit union.
    Yes No .
    If yes, how much would you deposit weekly?
    $20 $30 $40 $
  6. Which of the following average balances for each share account would you be able to keep in the credit union?
  7. If you were to acquire a loan in the next 12 – 24 months, which of the following ranges represent the amount you might borrow for each type of loan you are interested in?
  8. When transacting credit union business, which of the following ways would you use? Please use 1 for the most preferred way and 7 for the least preferred way.
  9. Would you be interested in being a volunteer at the credit union? Yes No
  10. How do you feel about the proposed credit union?

    Please provide your name and address:

  11. Please provide us with any other thoughts or comments you would like to share with us.