SFCCU Credit Union Co-operative Society

What SFCCU Credit Union Co-operative Society does

SFCCU Credit Union Co-operative Society Limited is a member-owned financial cooperative founded on June 19, 1948, by Father William Boer and headquartered in San Fernando, Trinidad and Tobago. Operating as South Trinidad's pre-eminent credit union, SFCCU serves over 14,000 members across four branches in San Fernando (Head Office and High Street), Siparia, and Point Fortin, with $115 million in assets as of 2025. Originally serving a specific community, the institution rebranded as SFCCU in 2002 to serve the broader South Trinidad population.

The cooperative's product portfolio spans secured and unsecured loans (up to $1.2 million mortgages, vehicle loans, specialized products like CWAL Advance and Prime, Christmas, Jumpstart, and Fresh Start debt consolidation), deposit accounts (Money Market Gold and Fixed Deposit at 0.7%), a Visa debit card with daily POS limits of TTD 10,000 and USD 150 monthly foreign currency access, and online banking. Insurance distribution partnerships with Guardian Life (Group Health Plan covering up to 80% of medical expenses) and CUNA Caribbean Insurance (Family Indemnity Plan) extend the offering, while a Professional Service Centre at the High Street branch provides government documentation services. Commercial and private rental spaces at Siparia and Point Fortin branches generate ancillary fee income.

SFCCU's revenue model is built primarily on interest income from its loan portfolio, supplemented by member share deposits, insurance distribution commissions, and service fees. Members must purchase shares to join, with borrowing capacity scaling up to 7x share value, creating a self-reinforcing relationship between deposits and lending. The institution is governed by member-elected Board of Directors, Credit Committee, and Supervisory Committee, with the 65th Annual General Meeting held in May 2026 marking ongoing democratic oversight. Marketing is conducted through WhatsApp, LinkedIn, Facebook, quarterly newsletters, and word-of-mouth, reflecting a community-rooted direct-to-consumer motion.

Name

SFCCU Credit Union Co-operative Society

Legal name

SFCCU Credit Union Co-operative Society Limited

Website

https://sfccu.com

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

11–50 employees

Short description

SFCCU Credit Union Co-operative Society is a member-owned financial cooperative founded in 1948 serving over 14,000 members across four South Trinidad branches with loans, deposits, insurance, debit card, and government services.

Ownership category

akta.pro rank

Product category

Credit Union Services

NAICS

Credit Unions (522130)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Credit union services
• Member-owned banking
• Consumer lending products
• Deposit accounts
• Financial cooperative

Headquarters

HQ city

San Fernando

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income from Loans: Primary revenue from interest charged on various loan products including secured loans, unsecured loans, mortgage loans, vehicle loans, and special purpose loans. Rates vary by product type and share value multipliers.
2. Member Shares and Deposits: Members hold shares in the credit union and maintain deposit accounts including Money Market Gold and Fixed Deposit accounts. Interest paid on deposits at 0.7% for fixed deposits.
3. Insurance Products: Group Health and Life Plan offered through Guardian Life, and Family Indemnity Plan through CUNA Caribbean Insurance. Commission-based revenue from insurance product distribution.
4. Service Fees: Fees from professional services centre, commercial and private rental spaces, and loan processing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

SFCCU Credit Union Co-operative Society Limited is a member-owned financial cooperative that provides retail banking services to South Trinidad residents. Its core offerings include a portfolio of consumer loan products (secured, unsecured, mortgage, vehicle, and seasonal/special loans), deposit accounts (Money Market Gold and Fixed Deposits), Visa debit card services, insurance products (Group Health Plan and Family Indemnity Plan), and online banking. The cooperative also operates a Professional Service Centre for government documentation and offers commercial and private rental spaces at select branch locations.

Product overview

SFCCU Credit Union Co-operative Society Limited is a member-owned financial cooperative based in South Trinidad offering a comprehensive range of banking and financial services. The organization operates as a unified product portfolio centered around core credit union services including various loan products (secured loans, unsecured loans, mortgage loans, and specialized loans like Christmas Package, Vehicle, and CWAL products), deposit accounts (Money Market Gold, Fixed Deposits), insurance products (Group Health Plan, Family Indemnity Plan), a Visa debit card, and online banking. Additionally, SFCCU offers unique value-added services such as a Professional Service Centre for government document assistance and commercial/private rental spaces. With over 14,000 members and $115 million in assets across four locations, SFCCU serves as South Trinidad's pre-eminent credit union providing same-day special loans, mortgage access, higher fixed deposit interest rates, and an online banking platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Secured Loans (Share Loan)
• Unsecured Loans
• Mortgage Loans
• Vehicle Loans
• Emergency Loans
• Christmas Package Loan
• TGIF (Thank God Its Friday) Loans
• Jumpstart Loans
• CWAL 1&2 Loans
• CWAL Advance and CWAL Prime Loans
• All-Inclusive Loan
• Fresh Start Loan (Debt Consolidation)
• 5-Star Multiplier Loan
• 6-Fold Reset Loan
• 7 Share Surge Loan
• Legacy Loan
• Money Market Gold (MMG) Deposit Account
• Fixed Deposit Account
• SFCCU Debit Card
• Group Health Plan
• Family Indemnity Plan (FIP)
• Online Banking
• Professional Service Centre
• Private Rental Space
• Commercial Rental Space

Quantifiable outcome

• Same-day special loans available to members
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Guardian LifecoreStrategic or Co-development PartnerPartnership with Guardian Life to offer Group Health and Life Plan covering members and their families. Plan provides up to 80% coverage of eligible medical expenses with children covered up to age 22.
• CUNA Caribbean InsurancecoreStrategic or Co-development PartnerPartnership for Family Indemnity Plan (FIP) covering final expenses for members and up to five family members under one affordable premium. Provides peace of mind during difficult moments.
• VisacoreTechnology or IntegrationVisa debit card partnership enabling POS transactions up to TTD 10,000 daily, ATM withdrawals up to TTD 3,000 daily, and online shopping with USD 150 monthly foreign currency access.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• First Citizens Bank (Trinidad and Tobago): One of Trinidad's largest commercial banks offering deposit, loan, and digital banking services across the country. Comparable as a domestic financial services provider competing for the same South Trinidad deposit and loan market, but with a much larger national branch network and product breadth.
• Sagicor Financial Company: Caribbean-headquartered financial services group providing insurance, banking, and investment products across the region. Comparable as a regional player offering bundled insurance and financial services similar to SFCCU's Guardian Life and CUNA Caribbean partnerships.
• Republic Bank Limited: Major regional commercial bank headquartered in Trinidad serving the Caribbean with retail and corporate banking. Comparable as a deposit-taking, lending institution competing for consumer and mortgage customers in the same Trinidad geography.
• Scotiabank Trinidad and Tobago: International bank operating in Trinidad with full retail and commercial banking services. Comparable as a deposit-and-lending competitor in the same domestic market, with substantially larger scale and digital capabilities.
• RBC Royal Bank Trinidad and Tobago: Canadian-owned international bank with consumer and commercial banking operations in Trinidad. Comparable as a direct competitor for retail deposits, mortgages, and personal loans in the same geographic market.

Others

• Massy Holdings Ltd. Large Caribbean conglomerate with financial services, insurance, and retail operations across the region. Comparable as a diversified Trinidad-based group operating in overlapping financial services and consumer markets.
• Guardian Life Limited of the Caribbean: Leading Caribbean insurance provider and SFCCU's Group Health Plan partner. Comparable as the upstream insurance counterparty whose products SFCCU distributes, and as a broader Caribbean financial services peer.
• National Insurance Board of Trinidad and Tobago (NIBTT): State-affiliated social insurance and pension administrator in Trinidad. Comparable as a Trinidad-domiciled financial services institution serving local residents with insurance-adjacent products, though operating under a public mandate.

Regional players

• ANSA Merchant Bank Limited: Trinidad-based merchant and commercial bank within the ANSA McAL Group, offering deposit, loan, and treasury services. Comparable as a Caribbean-anchored financial institution serving overlapping customer segments in Trinidad.

Direct peers

• JMMB Group Limited: Caribbean financial services group offering banking, lending, and investment products across Jamaica, Trinidad, and the Dominican Republic. Comparable as a regional member- and customer-oriented financial services provider with overlapping consumer lending and deposit products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/sfccucu
• LinkedIntt.linkedin.com/company/sfccu-credit-union-co-operative-society-limited
• Xx.com/sfccucu

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SFCCU Credit Union Co-operative Society