About Us

The Cayman Islands Civil Service Association (CICSA) Co-operative Credit Union Limited accepts funds and extends loans to its members.

The Cayman Islands Civil Service Association (CICSA) Co-operative Credit Union Limited (the “Credit Union”) was incorporated in the Cayman Islands in 1976 under the provisions of the Cooperative Societies Act and operates as a not-for-profit organisation receiving savings and making loans to members.

The Credit Union was formed by seven civil servants who were members of CICSA. They were Mr. Gilbert McLean, Mr. Louis Moncrieffe, Mr. John (Lemuel) Hurlston, Mr. Colford Scott, Mr. Ray Miller (deceased), Ms. Rachael Ebanks, and Mr. George McCarthy assisted by the “Matron” of the Credit Union, Mrs. Cicely Delapenha (deceased), started with $35 ($5 each). Their vision, 49 years later with over 20,000 members and assets in excess of $500M, is still shared today.

Learn More about our history today Read More

The Credit Union is governed by the Cooperative Societies Act as well as a set of Rules approved by members at general meetings. Read More

Who We Are

The Cayman Islands Civil Service Association (CICSA) Co-operative Credit Union Ltd. is a member-based financial co-operative dedicated to serving the needs of its community. With a strong commitment to financial empowerment, the Credit Union focuses on providing services at low fees, encouraging a culture of saving, and offering competitive loan options to help members achieve their financial goals.

Our governance structure is strengthened internally by:

The role and functions of an elected Credit Committee.
The role and functions of an elected Supervisory Committee.
The control functions are performed by an Internal Auditor and a Chief Risk & Compliance Officer.

Governance of our Credit Union is further enhanced by:

Annual external audits performed by a “Big Four” accounting firm.
Regulation by the Cayman Islands Monetary Authority (CIMA).
Our Credit Union forms part of the global credit union organisation with membership in the Caribbean Confederation of Credit Unions (CCCU), which in turn is a member of the World Council of Credit Unions (WOCCU).

As such we endeavour to uphold the cooperative principles of:

Voluntary membership
Democratic member control
Member economic participation
Autonomy and independence
Financial education, training, information
Cooperation among cooperatives
Concern for the community

Our Values

Professionalism, Respect, Integrity, Helpfulness, and Commitment

Purpose

Helping members to improve their quality of life by providing easier access to financial services.

Vision

To be the first-choice financial services provider for all eligible members while maximising their returns.

Mission

The mission of our Credit Union is to be the trusted financial partner for our members while positively impacting the wider community.

Who we are

Careers

We are committed to attracting experienced professionals and developing young talent, providing both with the tools, opportunities, and support needed to build a rewarding and dynamic career within the country’s vibrant and evolving financial sector.

Potential for accelerated professional growth

At the Credit Union, you’ll build expertise and advance your career through real responsibility and impactful work. We support your growth with a robust internal training program and industry-specific learning resources, ensuring you have the skills and knowledge needed for success. With strong performance and commitment, you’ll be well-positioned for steady, accelerated career advancement.

Good compensation

We recognize and reward the value our employees bring. Our compensation packages are competitive, performance-based, and designed to reflect both your contributions and the market landscape. At the Credit Union, we’re committed to ensuring your efforts are meaningfully and fairly rewarded.

Excellent benefits package

Your well-being is important to us. That’s why we offer a comprehensive benefits package designed to support your health and financial security. From medical and dental coverage to retirement plans and wellness resources, our benefits help provide a strong foundation for you and your family.

Whilst we are an equal opportunity employer, we place great emphasis on attracting Caymanians or persons with Caymanian status.

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