BICCU Bahama Islands Cooperative Credit Union

Bahama Islands Cooperative Credit Union

bircccu building







Bahama Islands Resorts and Casinos Co-operative Credit Union Limited was registered in 1986 because of the lack of medical and pension benefits for casino workers. Founding leaders included Eugene Cooper, Anthony Balfour, Carlton Haven, Wendy Quant, Linda Symonette, Bruce Delancy, Trevor Grant and Michael Munroe. In 1988 the credit union was allocated office space at the League's headquarters on Jerome Avenue.It moved to rented premises at Park Place on Shirley Street in 1991.

That same year the credit union's assets passed the $1 million mark.In 1992 Crystal Palace casino employees joined the credit union and the following year BIRCCCU acquired its own building on Village Road which was extensively renovated before opening as the credit union's headquarters in 1995.

The first full-time employee (Gaynell Albury) was hired in 1988 and the credit union's accounts were computerised in 1995. Membership currently stands at about 3,076 with total assets of over $16,940,058 (end 2003). Services now include consumer loans, savings accounts, Christmas and Vacation Club accounts, and financial counselling. The credit union also offers a group medical plan to members in partnership with British Fidelity Insurance Company.

Recently the credit union changed its name to Bahama Islands Cooperative Credit Union and opened its bond to include the general public. They sponsor Queen's College School Junior Co-operative Program.






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