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- Is BPWCCUL only for public workers?
No. BPWCCUL membership is open to all Barbadians, resident and non-resident and is no longer restricted only to civil servants.
- Can I be a member of more than one Credit Union?
Yes. If you are already a member of another credit union(s) and wish to join BPWCCUL then you must apply for Dual Membership. BPWCCUL will forward your request for dual membership to be approved by the credit union(s) with which you already have membership. Once this has been approved you will be notified.
- How many accounts can I have at the Credit Union?
When you join the Credit Union you are automatically provided with one individual member account. If you wish, you may also set up an additional Joint Account.
- What are share and loan records?
A member’s credit union account is made up of records. Each new savings, investment or loan product you apply for is added to your existing account as a record.
Each record has its own ID number.
Savings and Investment records are identified by an ‘S’ followed by an ID number while Loan records are identified by an ‘L’ followed by an ID number
The following share records are added automatically when you get your new account.
Permanent Shares - typically identified S 98
Primary Share Account – typically identified S 00
Call Deposits – typically identified S 01
ITSA (Income Tax Share Account) – typically identified S 97
Helpful Tip
Learn your account number and record ID numbers. This makes it quicker and easier to do ATM and Co-Optima Voice transactions as well as deposits and payments using SurePay.
- How soon can I get a loan after applying for membership?
As soon as your membership application is approved you can apply for a loan. Notice of your approved membership will be sent by mail.
- Can I name a beneficiary on my account?
No. This is because simply naming a beneficiary for a monetary account is not legally binding and can be successfully contested. The Credit Union therefore provides an affordable will preparation service to satisfy this need for members as a part of their financial and estate planning.
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