Teachers & Salaried Workers Co-Operative Credit Union

Retail Banking (Cooperative Credit Union)tswccul.org

Company typePrivate
Founded1976
HeadquartersNassau, Bahamas
Headcount51–100
GTM typeB2C
OfferingServices

Teachers & Salaried Workers Co-Operative Credit Union firmographics

Firmographics

Name: Teachers & Salaried Workers Co-Operative Credit Union
Legal name: Teachers & Salaried Workers Co-Operative Credit Union
Website: https://tswccul.org
Company type: Private
Founded year: 1976
Operating status: Operating
Headcount range: 51–100 employees
Ownership category
akta.pro rank

Teachers & Salaried Workers Co-Operative Credit Union industry classification

Industry

Product category: Retail Banking (Cooperative Credit Union)
NAICS: Credit Unions (522130)
SIC: Personal Credit Institutions (6141), Services-Membership Organizations (8600)
akta.pro industry: PRIMARYFSABAEAB
Employer/Occupational Credit Unions
Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)
SECONDARYFSABAEAA
Community Credit Unions (Retail/Consumer Focus)
Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

Keywords

Credit union services
Consumer lending
Savings accounts
Mortgage loans
Auto loans

Where Teachers & Salaried Workers Co-Operative Credit Union is headquartered

Location

Headquarters

HQ city: Nassau
HQ country: Bahamas

Offices1 record

Markets served

Teachers & Salaried Workers Co-Operative Credit Union business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

Loan Interest Income: The primary revenue stream comes from interest charged on various loan products including new auto loans (7% APR), mortgages (5.75%), and consumer loans. Interest income is earned on the loan portfolio.
Deposit Interest Spread: Revenue generated from the spread between interest paid on member deposits (savings accounts) and interest earned on loans and investments.
Fee-based Services: The credit union generates revenue from various fees including potential service fees, ATM/debit card fees (lost/stolen card reporting), and other financial service charges as outlined in their fee schedule.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	New Auto Loans - As low as 7% APR
Subscription	Monthly	Mortgage Loans - 5.75%
Subscription	Monthly	Consumer Loans - Quote-based

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Teachers & Salaried Workers Co-Operative Credit Union product offering

Product offering

Core offering

Teachers & Salaried Workers Co-Operative Credit Union is a member-owned cooperative credit union that provides personal savings products (including Retirement Club and Christmas Club accounts), consumer lending (new auto loans at 7% APR, mortgages at 5.75%, consumer loans, and debt consolidation loans), and member support services to teachers, salaried workers, and qualifying members in the Bahamas. Services are delivered through an online banking platform, iOS/Android mobile apps, a third-party loan application portal, and a single physical main office in Nassau.

Product overview

Teachers & Salaried Workers Co-Operative Credit Union operates as a single unified credit union offering a comprehensive suite of financial products and services. The core offerings include Online Banking, Loan Products (New Auto Loans, Mortgages, Consumer Loans, and Debt Consolidation Loans), and Savings Accounts (including Retirement Club and Christmas Club accounts). Supporting services include Financial Calculators for planning, Mobile Apps for convenient access, Member Services for account support and transfers, and Property Services through Distress Property and Property Rentals programs. The credit union also provides an Online Membership Application for new members to join.

Differentiator

Problem solved

Functional benefit

Products and services

New Auto Loans Lending product financing the purchase of new vehicles for qualifying members, priced at 7% APR (as of 11/01/2025).

Quantifiable outcome

Auto loan rates as low as 7% APR for qualified borrowers
+2 more outcomes

Companies that use Teachers & Salaried Workers Co-Operative Credit Union

Customer profile

Segments3 records

Ideal customer profiles1 record

Teachers & Salaried Workers Co-Operative Credit Union technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Teachers & Salaried Workers Co-Operative Credit Union partnerships and signals

Strategic signal

Recent moves5 records

Expansion highlights4 records

Teachers & Salaried Workers Co-Operative Credit Union competitors and assessment

Company assessment

Direct peers

Royal Bahamas Police Force Co-operative Credit Union Limited: Bahamas-based occupational cooperative credit union serving police officers and law enforcement personnel. Directly comparable to TSWCCUL as a member-owned occupational credit union operating in the same Bahamian market with a similar cooperative structure and lending/deposit product mix.
Bahamas Hotel and Catering Industry Co-operative Credit Union: Bahamas-based occupational credit union serving hotel and catering workers. Directly comparable as another sector-defined cooperative lender in the Bahamas with parallel savings, loan, and member-service offerings for salaried workers.
Bahamas Public Services Co-operative Credit Union: Occupational cooperative credit union serving Bahamian public servants. Closely comparable to TSWCCUL in member focus, cooperative governance model, and Bahamian market footprint, with overlapping product sets in consumer loans, mortgages, and savings.

Broad incumbents

Scotiabank (Bahamas): One of the largest commercial banks in the Bahamas, offering retail deposits, mortgages, consumer loans, and digital banking. Comparable as a full-service Bahamas-based banking provider that competes with TSWCCUL for the same salaried-worker deposit and mortgage business.
CIBC FirstCaribbean International Bank (Bahamas): Regional Caribbean commercial bank with Bahamas operations offering consumer and mortgage lending. Comparable as a regional incumbent that competes with TSWCCUL on mortgage rates and consumer loan pricing.
RBC Royal Bank (Bahamas): Major commercial bank in the Bahamas under the RBC Caribbean franchise, providing deposits, mortgages, consumer credit, and digital channels. Comparable as a broad incumbent competing for the same teacher and salaried-worker customer pool that TSWCCUL targets.

Others

Bahamas Cooperative League Limited: Umbrella/central organization for Bahamas-based cooperative credit unions. Comparable as an ecosystem-level peer representing the institutional network that TSWCCUL participates in, including shared services, advocacy, and inter-credit-union coordination.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Teachers & Salaried Workers Co-Operative Credit Union compliance and trust

Trust signal

Compliance2 records

Teachers & Salaried Workers Co-Operative Credit Union financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Teachers & Salaried Workers Co-Operative Credit Union leadership team

Management profile

Number of profiles

Teachers & Salaried Workers Co-Operative Credit Union funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Teachers & Salaried Workers Co-Operative Credit Union M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Teachers & Salaried Workers Co-Operative Credit Union

What does Teachers & Salaried Workers Co-Operative Credit Union do?

Is Teachers & Salaried Workers Co-Operative Credit Union a public or private company?

Teachers & Salaried Workers Co-Operative Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Teachers & Salaried Workers Co-Operative Credit Union founded?

Teachers & Salaried Workers Co-Operative Credit Union was founded in 1976. It employs 51 to 100 people.

Where is Teachers & Salaried Workers Co-Operative Credit Union based?

Teachers & Salaried Workers Co-Operative Credit Union is headquartered in Nassau, Bahamas.

How does Teachers & Salaried Workers Co-Operative Credit Union make money?

Three revenue lines are on record. Loan Interest Income is the primary driver. The others are deposit Interest Spread and fee-based Services.

Who are Teachers & Salaried Workers Co-Operative Credit Union's main competitors?

Direct peers on record are Royal Bahamas Police Force Co-operative Credit Union Limited, Bahamas Hotel and Catering Industry Co-operative Credit Union and Bahamas Public Services Co-operative Credit Union. Broad incumbents are Scotiabank (Bahamas), CIBC FirstCaribbean International Bank (Bahamas) and RBC Royal Bank (Bahamas). Bahamas Cooperative League Limited is listed as an others.

Does Teachers & Salaried Workers Co-Operative Credit Union have an API?

No public API is recorded for Teachers & Salaried Workers Co-Operative Credit Union.

What industry is Teachers & Salaried Workers Co-Operative Credit Union in?

Teachers & Salaried Workers Co-Operative Credit Union's product category is Retail Banking (Cooperative Credit Union). Its primary akta.pro industry code is FSABAEAB, Employer/Occupational Credit Unions, with a secondary code of FSABAEAA, Community Credit Unions (Retail/Consumer Focus). Its NAICS code is 522130 and its SIC code is 6141.