Home About Us Contact US Products News FAQ Rates and Fees Whats New
FAQs
FAQS

Q, How do I qualify for membership?
A. The field of membership shall be limited to financial members of the Bermuda Industrial Union, together with their wives, husbands, dependants and the Bermuda Industrial Union as an organization. Membership application forms may be completed on our website, Visit Membership Application on our Home Page.

Q. What do I need to open an account?
A. A copy of your last three pay-stubbs, a copy of one of your last utility bill, a government issued identification

Q. How do I qualify for a loan?
A. You need to be a member and saving consistently for at least six months. Contact the Credit Union for an interview date. On the date of the interview bring three copies of your latest pay-stubbs, a copy of one of your last utility bills, proof of the purpose of the loan. You are required to save a quarter of the amount you wish to borrow and placed in your collateral account at the Credit Union. Loan application forms may be completed on our website. .Visit Consumer Credit Application on our Home Page.

Q. What is Life Savings and Loan Protection Insurance?
A. If a member dies his/her beneficiary may receive up to three times amounts saved up to $4.000.00 and outstanding loan balances up to $20,000.00 are cleared. This benefit is made available to our members through CUNA Mutual Insurance Society, the insurance arm of 197 million Credit Union members worldwide. Conditions apply.