In 1968, members of the Civil Service Association Trade Union (which represented the majority of civil servants in Barbados) made an application and were granted permission to form a Savings Society. By 1969 the objective of the executive of this Society was to have it registered as a Credit Union.
On May 6th, 1970 the Barbados Civil Service Association Credit Union Limited (as we were then known) was registered.
In 1977, in order to broaden its bond of membership, the name was changed to Barbados Public Workers' Co-operative Credit Union Limited. This bond would now allow the inclusion of former civil servants, staff of statutory boards, husbands, wives and children of members as well as employees of the National Union of Public Workers.
The year 1980 was the year that we hired our first employee and by 1995 we had moved into our ultra-modern building, with state of art technology, which now houses our operating headquarters. This complex located at "Melbourne" Belmont Road, was later named after our very own Keith Bourne.
Our second branch, located on Broad Street - in the capital city Bridgetown - was opened in 2001. This was followed in 2008 with a third branch in the east of the island at Six Roads, St. Philip.
Today membership in Barbados Public Workers' Co-operative Credit Union is open to all Barbadians, resident and non-resident.
In August 2010, the Credit Union acquired CLICO Mortgage & Finance Corporation (CMFC) from its then owners. CMFC had been an innovative regional provider of financial services for more than 26 years. Following the change of ownership, CMFC was rebranded to Capita Financial Services Inc. Capita now operates as a wholly-owned subsidiary of the BPWCCUL. The Credit Unionâ€™s vision is that, by leveraging the business synergies and new market opportunities that have resulted from this acquisition, to radically expand the provision of financial services to the communities of Barbados and the Eastern Caribbean.