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U.W.I. (Cave Hill) Co-operative Credit Union Ltd.
 


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A credit union is a non-profit cooperative financial institution. A cooperative is a business like any other business, but it belongs to the people who use it and operates only for the benefit of its members.

Credit unions are owned by the people who use them, and their stated purpose is to serve their members, not to make a profit.

A credit union is a safe place to save and borrow at reasonable rates. In essence, members pool their money to make loans to one another.

Because they’re not for profit, they can offer members things like higher interest rates on savings and lower interest rates on loans.

More About Credit Unions

UWI (Cave Hill) Coop. Credit Union Ltd.

Active Membership: 1,390     Total Assets: $22.4 Million

Officers and Committee Members

The U.W.I. (Cave Hill) Co-operative Credit Union Limited was registered on January 29, 1986 in accordance with the Co-operative Societies Act Cap 378. The Society was continued on June 15, 1994 under the Co-operative Societies Act 1990-94. Our Credit Union, which has grown to 1,390 members and $22.4 million in assets, operates under the co-operative philosophy and the seven international co-operative principles of:

          1. open membership
          2. democratic control
          3. limited interest on capital
          4. patronage refund
          5. continuous education
          6. co-operation among co-operatives
          7. social responsibility

We are an Affiliate Member of the Barbados Co-operative & Credit Union League Ltd., which is an association rather than a controlling body. The League provides advice to, education for and lobbies Government and negotiates with other organizations on behalf of the Credit Union. The League is in turn affiliated with the Caribbean Confederation of Credit Unions (CCCU) which is in turn affiliated to the World Council of Credit Unions (WOCCU).

MISSION STATEMENT

To be the best provider of opportunity for the improvement of the socio-economic status and the educational advancement of all members through Credit Union products and services in accordance with the Co-operative philosophy and principles.

OBJECTIVES

  • To enlighten members to the benefits of co-operation (and Credit Union membership).
  • To provide comprehensive financial services to members.
  • To develop and maintain camaraderie and member loyalty.
  • To improve our general community.
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© 2003 - U.W.I. (Cave Hill) Cooperative Credit Union Ltd. All rights reserved.
Telephone: (246) 417-4524 / 4539 Fax: (246) 424-0662
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Last Updated: April 1, 2009