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Home arrow Affiliates arrow The Bahamas

The Bahamas PDF Print E-mail
        Capital                       -           Nassau

            Population                -           304,000

            Area                            -           13,939 Square Km

            GDP/Capita                -           B$14,822

            Inflation                   -           1.6%

            Exchange                   -           B$1 = US$1

The Bahamas consists of some seven hundred (700) Islands and cays and is located east of Florida.  The Country is blessed with colonial charm.

Tourism and IBCs are the main foreign exchange earners for the Country.  Water sports and festivals are very popular in the Bahamas.  The construction industry is very strong.

The Bahamas Co-operative League Limited has been a member of CCCU since 1979. The President is Ms Cheryl Bowe-Moss.  The Bahamas has hosted the CCCU's Convention on three (3) occasions. 

 

Vital Statistics

 

Vital Statistics  (as at 31 December 2006)         

Credit Unions                    - 15

Members                           - 30,859

Shares & Deposits            - US $167 mil

Loans                                 - US $140 mil

Total Assets                      - US $197 mil

  

Members

Teachers & Salaried Workers Co-operative Credit Union Limited

Mission Statement: To provide quality, competitive financial services that improve the economic quality of life of all our members.


National Workers Co-operative Credit Union Limited

Mission Statement: Catering to all sectors of society, by providing innovative, high-quality services, sustained by the consistent striving for excellence.

Public Workers' Co-operative Credit Union Limited
Mission Statement: To promote the economic interest of members, in accordance with cooperative principles, by the promotion of thrift and by creating a source of credit to members for provident
and productive purposes.

Paradise Island Resort & Casino Co-operative Credit Union Limited
Mission Statement:
Paradise Island Resort and Casino Co-operative Credit Union is a co-opertive that provides the highest level of financial services in a professional and friendly manner to encourage thrift, savings and the wise use of credit.

We empower our members to control and manage their financial well-being by providing a variety of sound, innovative products and services to improve their quality of life.

We are partners to our members financial freedom.

Bahamas Law Enforcement Co-operative Credit Union Limited

Mission Statement: A co-operative organization pooling its resources to provide quality financial services to its members, while ensuring staff satisfaction, and responding to the
changing needs of society.

Bahamas Transportation & Service Industry Co-operative Credit Union Limited

Mission Statement: To provide a democratic and unified foundation for the promotion of economic benefits to members through sound business practices, as members save together and lend to each other at a reasonable rate of interest, and engage in productive investments.

Bahamas Utilities Co-operative Credit Union Limited

Mission Statement: To provide the financial services that promote the economic empowerment and freedom of all the members.


Grand Bahama Co-operative Credit Union Limited

Vision Statement: We share a vision of a high standard of socioeconomic development through service, community involvement, fiscal discretion and education. We pursue this vision through the Grand Bahama Co-operative Credit Union based on mutual self-help, economic self reliance, and the wellbeing of ourselves and our community.


Cat Island Co-operative Credit Union Limited

Mission Statement: The Cat Island Cooperative Credit Union ...is committed to assisting its members in saving regularly... Click here for more information.

Other Community Credit Unions

Several groups, including church congregations, have formed credit unions to encourage savings and provide financial support in times of need.

They include:

Inter-Faith Co-operative Credit Union Limited (formerly Kingdom Life)
registered in 1995. Includes Christians from many different churches.

Bethel Baptist Church Co-operative Credit Union Limited
registered in 1996. From the Bethel Baptist congregation.

Salem Union Baptist Church Co-operative Credit Union Limited

registered in 1977. From the Salem Union congregation.


Prince Hall Family Co-operative Credt Union Limited
registered in 1997. Membership includes Master Masons, Eastern Stars and their immediate families.

Berry Islands Co-operative Credit Union Limited
registered in 2000. Open to all residents of the Berry Islands.

 
Recent News
DISASTER RELIEF - Haiti DISASTER RELIEF  - Haiti   Dear Co-operators,   We are all aware of the catastrophic devastation which has befallen Haiti. In an effort to alleviate the plight and suffering of the people, we attach the circular soliciting assistance to help our fellow cooperators. This is in keeping with the credit union philosophy of people helping people. Historically, we know that the Haitian people are a very resilient set of people and we pray that they will find the strength and will-power to pick up the pieces and recover from this natural disaster. Co-operatively Peter Etienne CARIBBEAN CONFEDERATION OF CREDIT UNIONS   Download: Disaster_Relief 660.00 Kb     Details...

CCCU President’s International Credit Union Day Message CCCU President’s  International Credit Union Day Message Happy International Credit Union Day!! On behalf of the Board of Caribbean Confederation of Credit Unions (CCCU), let me first of all wish our 17 Affiliates, their 300 Credit Unions and 1.9 million members, a successful and happy International Credit Union Day, as we choose to reflect on our achievements both regionally and internationally and commemorate our history. As we celebrate this day, with our entire Credit Union family worldwide, we reflect on the contributions that Credit Unions make every day in the lives of our 185 million members worldwide. The theme of our celebration this year is, Your Money. Your Choice. Your Credit Union.  This theme highlights the importance and involvement of members in the running of their Credit Union, which is owned by the members, democratically operated with heavy reliance on Voluntarism.  This theme reminds our 1.9 million members regionally and our over 185 million members worldwide, who choose Credit Unions as their access to financial services, that Credit Unions are all about them - your money, your choice and your Credit Union.   Details...

Download NFSP!

CCCU President’s speech to the OECS Credit Unions Summit held in St. Vincent on August 20-22, 2009 CCCU President’s speech to the OECS Credit Unions Summit held in St. Vincent on August 20-22, 2009 Download the speech -  OECS Summit Speech 42.76 Kb   Details...

Random Affiliate
surinameflagSuriname is the southernmost Country in the Confederation, and is located in the northern tip of South America.  Suriname is one of the two (2) Dutch speaking Countries of the Confederation.
Read more...
 
Annual Report
cover_for_annual_report_2008_smallclick here to download CCCU’s 2008 Annual Report.
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