St. Vincent and the Grenadines Teacher Co-operative Credit Union

What St. Vincent and the Grenadines Teacher Co-operative Credit Union does

St. Vincent and the Grenadines Teacher Co-operative Credit Union (SVGTCCU) is a member-owned cooperative financial institution founded in 1977 by educators in St. Vincent and the Grenadines. The credit union serves 14,365 member accounts through five branches across mainland St. Vincent (Kingstown headquarters, Chateaubelair, Barrouallie) and the Grenadines islands (Bequia, Canouan, Union Island), supported by 57 employees. Its core business is providing savings and lending products to the teacher community and broader Vincentian public, including agricultural, business, mortgage, vehicle, personal, educational, revolving, and debt consolidation loans, alongside purpose-built savings plans (Junior Savers, School Supplies, Christmas, Retirement, Deposits) and member benefits such as health insurance, scholarships, bursaries, and death benefit grants.

Name

St. Vincent and the Grenadines Teacher Co-operative Credit Union

Legal name

St. Vincent & the Grenadines Teachers Co-operative Credit Union LTD

Website

https://tccusvg.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

SVGTCCU is a member-owned cooperative credit union founded in 1977 that serves 14,365 accounts across five branches in St. Vincent and the Grenadines, offering savings, lending, insurance, and educational support products primarily to educators and their families.

Ownership category

akta.pro rank

Headquarters

HQ city

Saint Vincent

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest Income: Primary revenue from interest charged on various loan products including agricultural, business, mortgage, vehicle, personal, educational, and debt consolidation loans.
2. Member Deposits and Shares: Members hold shares and deposits that form the pool of funds available for lending. Dividends are paid on shares based on annual surplus.
3. Bookstore and Supplies Retail: Retail sales of textbooks, stationery, school supplies, toys, games, and related products through physical outlets and online store.
4. Property Services: Property listings and real estate services for members through the properties section of the website.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

SVGTCCU is a member-owned cooperative credit union that provides personal and small-business financial services, including a broad portfolio of loan products (agricultural, business, mortgage, vehicle, personal, educational, debt consolidation, revolving, and Buy Build Drive bundle), savings products with no monthly fees (deposits, junior savers, school supplies, Christmas, and retirement plans), and member benefits (health insurance, scholarships, bursaries, and death benefit grants). Operations are supported by the Access 365 digital banking platform (online, mobile, and 24/7 ATM) and a wholly-owned Bookstore & Supplies Outlet retail subsidiary distributing textbooks, stationery, and school supplies.

Product overview

SVGTCCU is a member-owned cooperative credit union providing a comprehensive suite of financial services centered around lending, savings, and member benefits. The organization operates a digital banking platform (Access 365) with online and mobile banking capabilities, complemented by an extensive network of loan products including mortgages, vehicle loans, business loans, and educational loans. Its savings offerings span multiple purpose-driven products including Junior Savers, Retirement Saving Plan, and Christmas Savings Plan. SVGTCCU also operates a Bookstore & Supplies Outlet, a retail division serving students and educators with textbooks, stationery, and school supplies across multiple locations throughout St. Vincent and the Grenadines. Additional member services include health insurance, scholarships, bursary awards, and property listings.

Differentiator

Problem solved

Functional benefit

Brands

• Access 365: Digital banking platform offering online banking, mobile app, and 24/7 ATM services.
• Bookstore & Supplies Outlet

Products and services

• Agricultural Loan Financing product designed for farmers and agricultural businesses to support farming operations, equipment purchases, and agricultural development. Available to credit union members in St. Vincent and the Grenadines.
• Buy Build Drive Bundle Loans Combined financing package offering members the ability to purchase a vehicle, construct or purchase a home, or both through bundled loan products. Targeted at members seeking consolidated property and vehicle financing.
• Business Loan Commercial financing solution for entrepreneurs and business owners to start, expand, or operate their businesses. Available to credit union members.
• Mortgage Loans Long-term financing for the purchase, construction, or renovation of residential properties, with property used as collateral. Available to members for home ownership.
• Revolving Loan Flexible credit facility allowing members to borrow up to an approved limit, repay, and re-borrow as needed without reapplying.
• Debt Consolidation Loans Loan product allowing members to combine multiple existing debts into a single payment, potentially at a lower interest rate.
• Educational Loan Financing specifically designed to help members cover educational expenses for themselves or their dependents.
• Personal Loan Unsecured loan for personal expenses, providing members with access to funds for various non-business financial needs.
• Vehicle Loan Auto financing product for the purchase of cars, motorcycles, or other vehicles, with the vehicle typically serving as collateral.
• Junior Savers Savings account designed for children and youth to encourage early financial literacy and savings habits.
• School Supplies Saving Plan Savings program helping parents and students set aside funds specifically for purchasing school supplies and materials.
• Deposits General savings deposits allowing members to deposit and grow their money with competitive interest rates and no monthly fees.
• Christmas Savings Plan Seasonal savings plan helping members budget and save specifically for holiday expenses.
• Retirement Saving Plan Long-term savings vehicle designed to help members accumulate funds for retirement and financial security in later years.
• Health Insurance Health insurance coverage providing members with access to medical care and financial protection against healthcare costs.
• Scholarship Financial award program supporting members' educational pursuits through scholarships for academic achievement.
• Bursary Award Grant program providing financial assistance to members or their dependents pursuing education.
• Death Benefit Grant Financial grant provided to members' beneficiaries in the event of the member's death, offering additional support during difficult times.
• Membership Credit union membership program providing access to all SVGTCCU financial products, services, and member ownership rights.
• Shares Member share ownership program allowing credit union members to purchase shares and earn dividends based on annual surplus.
• Access 365 Online Banking Online banking platform enabling members to access accounts, conduct transactions, and manage finances remotely through a web portal, available 24/7.
• Access 365 Mobile App Mobile banking application providing 24/7 access to account management, transactions, and financial services via smartphone devices.
• 24/7 ATM Service Automated teller machine services enabling members to withdraw cash and access basic banking functions around the clock.
• Appointment Booking Online scheduling system enabling members to book appointments with credit union staff for personalized service.
• Bookstore & Supplies Outlet Physical and online bookstore supplying textbooks, educational materials, stationery, school supplies, and educational resources to students and educators across St. Vincent and the Grenadines, with locations at each branch.
• Print, Copy, Scan and Laminate Services Document services including printing, copying, scanning, and laminating available at bookstore locations.
• Property Listings Real estate listing service showcasing properties available for sale, including residential homes and land across St. Vincent and the Grenadines.

Quantifiable outcome

• 14,365 member accounts served
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles3 records

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 and minor.

• Ministry of Education - St. Vincent and the GrenadinescoreStrategic or Co-development Partner · 14 May 2025SVGTCCU serves as Title Sponsor of the Ministry of Education's annual National Science Quiz, a key event on the academic calendar designed to cultivate critical thinking, scientific curiosity, and academic excellence among secondary school students. This partnership represents a significant investment in STEM education and youth development.
• St. Vincent Grammar SchoolcoreGTM or Marketing Partner · 20 February 2025SVGTCCU provides sponsorship of $10,000 to support the school's 2025 sporting activities and participation in prestigious events such as the Penn Relays. This ongoing partnership supports student-athlete development and embodies the credit union's values of social responsibility and community engagement.
• Various Book Publishers and DistributorsminorOthersPartnerships with publishers including Macmillan, Hodder Education, Nelson Thornes, Collins, Caribbean Book Distributors, and others to supply textbooks and educational materials through the bookstore outlet.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• BECU (Boeing Employees Credit Union): Large member-owned cooperative credit union originally serving Boeing employees, now community-chartered. Analogous member-owned, mission-driven model with comparable product mix (lending, savings, digital) to SVGTCCU's cooperative structure.
• Pentagon Federal Credit Union: Large US-based member-owned credit union serving military, government employees, and educators under an affinity model. Comparable cooperative governance and member-value orientation, though at materially greater scale than SVGTCCU.
• SchoolsFirst Federal Credit Union: California-based credit union serving educators and school employees with over $30B in assets. Highly comparable mission-driven model focused exclusively on the education community, with multi-branch distribution and digital banking — directly analogous to SVGTCCU's educator-focused cooperative identity.
• Teachers Federal Credit Union: Long-standing US educator-focused credit union serving school employees with deposits, lending, and digital banking. Directly comparable affinity-based cooperative model and product mix (mortgages, auto, personal, educational loans) to SVGTCCU.
• Educators Credit Union: Wisconsin-based credit union serving educators and their families, with comparable member-owned structure and community-focused lending. Similar product portfolio including vehicle, mortgage, and education loans to SVGTCCU.
• Bank of St. Vincent and the Grenadines: Local commercial bank headquartered in Kingstown, SVG — the most direct for-profit competitor operating in the same physical market and customer segments. Competes with SVGTCCU on deposits, lending, and digital banking.

Regional players

• National Commercial Bank (Jamaica): Largest Jamaican commercial bank with Caribbean regional presence. Comparable Caribbean financial institution serving similar demographics with broader product set; useful as a regional benchmark for asset growth and digital transformation.

Others

• Caribbean Credit Union League: Regional industry association supporting Caribbean credit unions including SVGTCCU. Not a competitor but a relevant ecosystem participant for benchmarking, shared services, and advocacy that influences SVGTCCU's operating environment.

Broad incumbents

• Republic Bank (Eastern Caribbean) Limited: Regional commercial bank with extensive Eastern Caribbean footprint including SVG branches. A broad incumbent competing for the same deposit and lending customers as SVGTCCU, but with materially larger scale and broader product set.
• Scotiabank St. Vincent and the Grenadines: Subsidiary of one of Canada's largest banks operating in SVG. A broad incumbent competitor with deeper capital base and broader product suite (wealth, corporate, cards) than SVGTCCU, targeting overlapping retail and SMB customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/tccusvg
• Instagraminstagram.com/svg_tccu
• Xx.com/SVGTCCU1

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 St. Vincent and the Grenadines Teacher Co-operative Credit Union