Join PHCCU and enjoy all the exciting features on our various products and services. Members make regular savings of at least GH¢50.00 monthly. These savings then form a common pool of money from which loans are made to members. Members, who have been saving for a period of time, usually six months, can then apply for a loan from the pool. Interest on the loan is charged at only 2% per month on the monthly reducing rate that is 13% Annual Percentage Rate. People who join the Police Hospital Co-operative Credit Union must belong to a “Common Bond”. In our situation, we are all in the Police payroll. The credit union welcomes everybody from within the common bond regardless of income or age.