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April 2023 - Newsletter

Annual General Meeting 2023


Our 57th Annual General meeting is carded for Sunday 21st May, 2023.



Please visit our AGM resources page for further information

AGM resources

History of Credit Unions

The first credit union was established in 1864 by Friedrich Raiffeisen in rural southern Germany.


He proposed that all community members pool their resources so individuals in need of loans could easily access the necessary funds. Raiffeisen’s idea was well received by his community, and the first credit union model was soon established. In 1909, the credit union movement crossed the ocean to reach American shores.


With Edward Filene serving as its pioneer, the movement gained momentum and continued its growth. In 1920, Filene hired attorney Roy F. Bergengren to assist him in generating the movement’s expansion. Bergengren soon created a more systematized concept for the credit union model we know and love today.

Thomas Malcolm Milne, a devout member of the local Catholic Church laity, was responsible for introducing Credit Unions into (Trinidad and Tobago at around 1942.] Milne, express the belief that the Credit Union Movement would lead to the economic emancipation of the people. The Credit Union Society Ordinance, No. 48 of 1945, was passed on December 29th 1945. 


The Bill was sponsored by Sir Bede Clifford, Governor; Sir Errol Dos Santos, the Colonial Secretary, and Mr. Wilcox Wilson, Attorney General.


The first Credit Union to be registered in Trinidad and Tobago was the Health Services Credit Union Society Limited whose membership came from the Colonial Hospital of Port of Spain.


Today, the credit union movement continues to thrive on the path charted by its predecessors.

A Brief History of PSCU

On December 14th, 1966, The Civil Service Association Credit Union was registered for business. Over the years, the Credit Union changed its name to the Public Services Association Credit Union. As the years progressed & the Credit Union grew, we started offering our services to persons outside the Public Services domain, which led to the change – PSCU Credit Union Co-operative Society Limited.


PSCU Credit Union has been in operation for 57 years, with an active membership of over 22,000 and growing. We provide financial services to our members, through a diverse product portfolio.

Learn more

The Inez Bacolet, Tobago: A Slice of Paradise!

PSCU Credit Union is pleased to announce its latest initiative, The Bacolet Land Development Project in Tobago.


This initiative allows PSCU to offer an affordable housing development option to our members for building and investment.


The Inez Development will allow our members to invest in land and build their dream homes while becoming part of an elite community, which will be outfitted with all amenities including an entertainment centre, supermarket, pharmacy, hotel, restaurant, and many more.


Members have the option to purchase the land via the following mediums:

  • Cash
  • Competitive and affordable Mortgage from PSCU.
  • A mortgage from any other financial institution is preferred.


Our mortgage requirements can be found on the following page of the document or via our website.


So, what are you waiting on? Contact your nearest PSCU branch for further information on how to get started, and obtain your share in the slice of Tobago paradise!


For more information visit the Inez Bacolet Tobago Page on our website.

Welcome to the PSCU Family!

Meet the newest member of the Marketing Department, Ms. Shanice Radhay, Sales Associate.

Ms. Radhay comes with a wealth of knowledge and experience in Financial Sales, where she has been in the Financial Services Industry for over 5 years, and prior to that she held various positions in Human Resources across the Oil and Gas Sector.


Ms. Radhay always had a desire for learning and continuous self-development. This desire encouraged her to push herself academically, which led her to various academic achievements. She graduated from Anglia Ruskin University (UK) with a Distinction in a Masters of Business Administration, The University of the West Indies (UWI) with a Bachelor of Science in Management Studies (Hons), and she also has a Professional Certificate in Event Management, where she graduated from the George Washington University (US) as an internationally certified events professional.


In addition, Ms. Radhay has training and experience in Digital Marketing Strategies, Sales Strategies for Insurance Professionals, Project Management and Disaster Management.

Ms. Radhay’s passion for sales stemmed from her HR career. She always enjoyed working with people and helping where she can.


This passion is what fueled her career in sales, specifically financial sales. It gave her the ability to help people make sound financial decisions to improve their quality of life, and as the Sales Associate of PSCU, it is her intention to help members make good financial decisions through proper financial planning to improve their quality of life with the products and services offered by PSCU.

Did You Know?

The word “set” has the most definitions in the English language.

Senior Saturday

The Launch Ceremony of the "PSCU Senior Saturday" was held on Saturday 18th March, 2023 at the Centre of Excellence.

We are delighted to share some highlights from the launch ceremony.

We thank our stakeholders, valued members, the Board, Committees, management and staff for being part of this landmark initiative. You can view even more highlights here.

Tobago Advisory Committee's Membership Meeting

The Tobago Advisory Committee's membership meeting was held on Thursday, 23rd March at the Ann Mitchell Library in Tobago.

In attendance were Executive members of the Board, the Management team, Tobago members, and Staff of the Tobago branch.

Online Banking Safety Tips

Motivational Corner

“It’s only after you’ve stepped outside your comfort zone that you begin to change, grow, and transform.” ― Roy T. Bennett

Upcoming Events - May 2023

Normal lending Criteria Apply

PSCU Credit Union

Co-operative Society Limited

#24 Sackville Street, Port Of Spain

+1 868-623-7570

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