"No one can whistle a symphony. It takes an orchestra to play it." - Halford E. Luccock 
 
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Services
Loans

We offer a wide range of loans for various purposes. Our terms are very favourable as can be seen below:  

Ratio 10:1      
Interest Rate Range: 4 % - 15%
Maximum Amount Disbursed Range: $2,000.00 - $450,000.00
Maximum Repayment Time Range: 1 year - 30 years 

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Financial Counseling

The Credit Union can help you to manage your money and teach you how to prepare  monthly Budgets, so that you will be able to spend and save wisely.

Wise financial management is essential in today's world - let's help you secure your future.  

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Credit Union and Financial Education

 The Credit Union offers Educational and Training Programmes to help develop its members.

Training Programmes are also offered by the Barbados Co-operative and Credit Union League Limited for all Credit Union members.

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Did You Know?

A person is eligible to apply for a loan at a Ratio of 3:1, after being accepted as a member.

After One Month of membership, the ratio moves to 5:1

After Two Months of membership, the ratio moves to 8:1 

After Three Months of membership, the ratio moves to 10:1

Please Note that the member must make a contribution to Shares every month, even though her/she might be repaying a loan.

  Details...

1.) All loan applicants must be bonafide members of the Credit Union.

2.) All new members must complete a minimum time requirement of membership, with the Credit Union to qualify for a loan in excess of their Savings unless approved by the Board under special circumstances.

3.) A member who has been required to clear arrears resulting from delinquency must observe a waiting period of three months after completion of such payment before a new loan may be approved for that member.

4.) A loan shall not be granted to a still member (that is, a member who is not making  contributions to shares) over and above his/her share value, unless that member makes contributions to shares for the last three(3) consecutive months. (By-Law 79)

  Details...

Recent News

BTCCUL launches it's website
The Barbados Teachers' Co-operative Credit Union launched its website with the aim of better serving its member.  A team of BTCCUL officers have been trained to maintain the site. The site was developed by Future Shock Inc.
 

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