The credit union movement in The Bahamas is a shining example of how Bahamians have come together to build a successful and financially sound organization. The credit union movement allows the members access to resources to fulfill their economic dreams while enabling them to become owners of financial institutions. The more than 31,000 members of the Bahamian co-operative movement control over 205 million dollars in assets.

Join a Credit Union Today!

What is a Credit Union?
A credit union is a financial institution that is owned by its members. The objective of a credit union is to service the financial needs of its members.

Is my money safe in a credit union?
All credit unions in The Bahamas are regulated and monitored primarily by the Bahamas government and secondarily by the Bahamas Co-operative League Limited. No one has ever lost money in the credit system in The Bahamas.

Is a Credit Union different than other financial institutions?
Yes! The credit union is owned by its members and democratically controlled by affording each member one vote. Each member has an equal voice in the operation of the business.

What are the benefits of joining a Credit Union?
No stamp tax on loans
Competitive interest rates
Members receive personalized attention and service
The earnings of the Credit Union remain in the country
Technical and Personal Development workshops are offered to members
Savings and loans are insured

What are the products and services offered by Credit Unions?
Consumer Loans Small Business Loans
Auto Loans

Regular Deposit Accounts Back-To-School Savings Accounts
Savings Accounts Christmas Club Accounts
Fixed Deposit Accounts Vacation Club Accounts

Credit Card Accounts Insurance Products

For more information contact the Bahamas Co-operative League Limited at:-
(242) 302-0100