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The credit union movement began with a simple idea - that people could achieve a better standard of living for themselves and others by pooling their savings and making loans to each other. The birth of the Credit Union movement in Dominica was greatly influenced by the Roman Catholic Church, with Sister Alicia de Tremerie, a Belgium-born nun being recognized as the Founder.

The membership owns credit unions, making them one of the unique financial institutions. Credit unions put service first and add lots of caring when offering services to their members. It is about “people helping people.” giving the people a better life and improving the communities.    

THE CREDIT UNION MOVEMENT

WHO WE ARE

Like other credit unions worldwide, the Grand Bay Co-operative Credit Union Limited is membership owned. It started in 1983 as a saving union under the leadership of pioneers such as James Alexander, Maurice Elizee, MariaJules, Bonti Liverpool, and others.

 

GBCCU began with 20 members and $200.00 worth of shares. It became a registered co-operative in 1986. GBCCU serves members from Grand Bay, Tete Morne, Dubique, Bagatelle, Petite Savanne, and others in the vicinity.

ABOUT US - OUR HISTORY

OUR MISSION STATEMENT

 To provide effective financial and other related services to the Grand Bay Community and its environs by mobilizing savings and providing credit in the form of productive and provident loans at a competitive rate of interest.

 To provide effective financial and other related services to the Grand Bay Community and its environs by mobilizing savings and providing credit in the form of productive and provident loans at a competitive rate of interest.

To view the annual report for 2021, Click Here or visit our Board of Directors page for further information

ANNUAL REPORT

© 2021 Grand Bay Cooperative Credit Union Ltd.