Founded In 1972 By The Leaders Of The Bermuda Industrial Union (BIU), Bermuda Credit Union Is A Testament To Cooperative Financial Empowerment.
As Bermuda's Only Financial Cooperative, We Are Proud To Serve Over 6,000 Members With Assets Under Management Totaling Over $350,000. Initiatives That Partner With Various Community Organizations And Are Launched For Young Savers, Such As Our CU-CLUBBS Account, Emphasize, A Commitment To Financial Literacy And Community Development For Generations To Come.
The Cooperative Model Is The Underlying Structure Of A Credit Union, Which Is Owned And Controlled By Its Members.
The Model Is Based On The Seven Cooperative Principles Of Credit Unions:
- Voluntary And Open Membership;
- Democratic Member Control;
- Economic Participation Of Members;
- Autonomy And Independence;
- Education, Training And Information;
- Cooperation Between Cooperatives;
- Caring For The Community.
