Print

The Credit Unions Division

The Credit Unions Division’s primary role is to regulate the local credit union sector, helping to foster an enabling environment that bolsters member confidence and encourages a safe and sound financial system. Its main functions in this regard include:

  • supervising and monitoring the industry
  • conduction and assessing market research
  • compiling statistical data from the industry
  • providing guidance and advice to anyone interested in establishing a credit union
  • facilitating industry-specific educational opportunities
  • hosting consultations with members of the sector
  • responding to queries and general complaints in relation to credit union matters

The Division derives its authority from the Financial Services Commission Act 2010-21, as well as from the Co-operatives Societies Act, Cap 378A, and the Co-operatives Societies Regulation 2008.