At Barbados Public Workers’ Co-operative Credit Union, we provide the opportunity for all Barbadians to have ownership in the largest indigenous financial institution in Barbados. We offer affordable loans and credit financing exclusively to our shareholders while providing the means for them to save, invest and grow their hard-earned money and build wealth for the long term.

A credit union is unique: it is a not-for-profit financial institution. Therefore, our focus is not to maximize profits—but to maximize service. We keep our loan interest rates low and our procedures hassle-free but we pay you competitive rates of return on your savings. We are proud of our reputation as an innovative and trusted provider of affordable financial services.

Educating children, acquiring a home, building a business, providing for a secure future… Whatever your need, we are here hand-in-hand to help you realize your dreams and achieve financial success.

Our achievements are built upon the support of tens of thousands of Barbadians just like you. Today, membership in our credit union is open not only to public servants but to any Barbadian national, citizen or resident.

How to get started
To become a member simply visit any of our branches and present the following:

• A completed Membership Application Form
• Two (2) forms of valid photo identification, e.g. your National Identification Card, Passport or Driver’s License
• Proof of your current home address, e.g. a recent utility bill, bank statement, job letter
• A minimum opening deposit of Bds $125. This is made up of an application fee of $5 and your membership qualifying shares of $120.
• Where no photo identification is available, a letter from an authorized officer of the state, e.g. Commissioner of Police, Superintendent of Prisons, Registrar of Corporate Affairs, etc., will be accepted.

Joint Membership

A Joint Account can be opened by any two (2) members of the Credit Union who are 18 years or older.

Each party to the Joint Account has the same rights. The account is established by completing a Joint Account Application Form and the signing of the relevant Joint Account Agreement (see below).

There are two types of joint accounts:

• A Joint AND account: where both parties must consent in writing to any withdrawals and loan transactions
• A Joint OR account: where either party can consent to withdrawals but both parties are required to sign for loans