Membership of our credit union is open to any Barbadian living at home or abroad. 
 
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Any person over eighteen (18) years old can become members of the Credit Union.

An Application Form is filled out by the applicant.

This Form is then processed by the Credit Union and if the Application is accepted, the member pays an entrance fee of two (2) dollars and buy some Shares.

A member can only become a full member and enjoy all the benefits of the Credit Union, when that member buys three hundred ($300.00) dollars in Shares.

pdf Requirements For New Members To Join BTCCUL

pdf Application Form For Membership

 

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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