Reasons to
subscribe
on Hubb
Unified Worldwide Network
in Your Language
Unlimited Ads for FREE
First Page on Search Engines
under HUBB for FREE
Choose Your Own Keywords
for FREE
Multiple Service Apps for FREE
No Commission or Hidden Fees
Direct Contact with Customers
without Agents
Ability to Have Your Own Website
under HUBB for FREE
Expand Your Business
Overseas for FREE
Register now

PSCU Credit Union

Promote 3 views
icon-applicant-user
Contact person: PSCU Credit Union
+18686391926 info@pscucreditunion.com pscutt.com/
Service category: Insurance
Service types:

Description

As democratic financial institutions owned by their members, credit unions can trace their roots back to Germany to the late 1840s, where Hermann Schultz-Delitzsch organized a cooperative mill, bakery and other cooperative credit endeavours (1848), and Frederich Wilhelm Raiffeisen organized a similar cooperative for farmers (1864). A key player instrumental in fighting loan sharks with credit unionism in the USA was Edward Filene (1921). After spreading through continental Europe and America in the late 19th century, the first Credit Union in Trinidad and Tobago was founded in 1945.

The story of the local Credit Union movement began when Malcolm Milne, a San Fernando solicitor and member of the Catholic Laity, accidentally stumbled on the concept while browsing through a copy of the Catholic Digest. He immediately saw these institutions as a means for economic emancipation of the masses because Credit Unions were open to all, regardless of colour, creed or class.

Credit Unions provided the poor with a chance to be part of formal savings and loan institutions where the interests were those of its members, and the decisions taken can be controlled by the members. When in December 1945 the Ordinance legitimising the operations of Credit Unions was passed, a crucial window of opportunity was provided for members to access loans for provident and productive purposes. The decade following the passing of the Credit Union Society Ordinance, No. 48 of 1945, saw some 90 new Credit Unions registering between 1946 and 1950. Their attraction to members of the public was so strong that well over 500,000 persons became members of credit unions.

PSCU Credit Union, registered in 1966 and celebrating more than 50 years of existence, has empowered thousands of its members, and has contributed meaningfully to the improvement in their standard of living and quality of life.

Promotions and offers

icon-applicant-user
Contact person: PSCU Credit Union
+18686391926 info@pscucreditunion.com
TOP
All the services you need on one platform
Ordering Services Online
All the services you need on one platform
Ordering Services Online

Avalible Services

Coming soon

Show all
Close
Login on Hubb
Reset password