Frequently Asked Questions
What is a Credit Union?
A credit union is a co-operative, member-owned, non-profit financial institution organized to promote thrift. It is controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations.
Who can join the TTFSCU?
Membership shall be opened to all persons who work in the Fire Service Department, or an organization affiliated thereto, and immediate families of members. (Affiliated organizations shall be any organization whose main thrust is service to members of the Fire Service Department and is recognized by the Fire Service Department. Immediate family shall be parents, spouse, and offspring.)
How do I join the TTFSCU?
Application for membership can be made Online or at any of our Branch offices in Port-of-Spain, San Fernando and Tobago. You need to submit your membership application form with the following documents:
· Letter of Employment
· Two recent passport size photographs
· Evidence verifying residence
– e.g. copy of paid utility bills such as water, electricity and/or telephone
· Any two of the following forms of Identification
– Valid Passport, T&T Identification Card, Driver’s License, Birth Certificate Determination of all applications for membership shall be by majority vote of the Board of Directors. Membership commences from the date of approval of the application by the Board and on the payment of an unredeemable entrance fee and one share purchase.