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. 

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