Latest Loan Rates

Get more out of your money with our fantastic loan rates.

LOAN TYPE INTEREST RATE (Reducing Balance)
New Vehicle 0.49%-0.6%
Character 1%
RORO/Used Vehicle 1%
1ST Mortgage 0.5%
2ND Mortgage 0.58%
Fully-secured 0.75%

All rates are subject to change without notice.

Joining TECU

Can I apply?

TECU Credit Union Co-operative Society Limited is open to:

  • Any person employed with one of our affiliated companies.
  • All other persons provided that they are recommended by a member of three (3) years in good standing.
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Application Process

    1. Complete the Application for Membership Form. 
    2. Two (2) forms of valid government issued identification – National Identification Card, Driver’s Permit, Passport.
    3. Proof of Address – Utility Bills excluding mobile bills – not older than three (3) months (e.g. WASA, T&TEC, TSTT Landline, Cable) OR last three (3) months Bank Statement.
      N.B. If the utility bill is not in the applicant’s name, a coloured copy of a valid government issued identification together with an authorization letter OR a copy of the lease agreement and a recent rent receipt are required from the person whose name is on the bill. Click here for an example of the authorization letter.
    4.  Recommender – A member of TECU Credit Union for more than three (3) years with a minimum shareholding of $2,500 and in good financial standing. Persons without a recommender can speak to a branch representative.
    5.  Joint Partner / Beneficiary – A coloured copy of valid government issued identification – National Identification Card, Driver’s Permit, Passport. N.B. Joint Partner (minimum age fourteen (14) years) must be a member of TECU Credit Union.
    6. Minimum deposit to Share Account – $300.00
    7.  Proof of Employment & Income:
      a) Employed Persons – Job Letter – not older than three (3) months AND Payslip – not older than one (1) month.
      b) Self Employed Persons – Business Registration Certificate OR Articles of Association / Incorporation AND Income & Expenditure Statement (prepared by certified accountant) OR Bank Statements for the last three (3) months.
      c) Unemployed Persons – A letter from the person funding the account stating their intent to fund same along with their job letter (not older than three (3) months) and payslip (not older than one (1) month). Click here for an example of the letter.
      d) Pensioners – Pension letter from the Government / Private Institution outlining payment details OR Pension slips for the last three (3) months OR Bank statement for the last three (3) months outlining pension deposits.
    8. Foreigners / Non-residents – A reference letter is required as confirmation / evidence of prospective member’s relationship with their foreign bank (legal requirement).

Apply Online

Get started by applying online now.

Membership Application

Joint Stock Account Agreement

Your joint partner MUST be a member of TECU.