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What is Membership?

The Cayman Islands Civil Service Association (CICSA) Co-operative Credit Union Ltd. is a member-based financial co-operative, focused on:

  • Providing services at low fees
  • Encouraging saving
  • Offering competitive loans

Membership in the Credit Union is currently open to persons who have attained 18 years of age and are employed by the following:

  1. The Government of the Cayman Islands.
  2. Government-owned entities and Statutory Authorities operating in the Cayman Islands.
  3. Utility companies and wholly owned subsidiaries of such utility companies operating in the Cayman Islands, subject to the list of companies approved by the Board.
  4. Healthcare facilities licensed to operate in the Cayman Islands, subject to the list of facilities approved by the Board.
  5. Pensioners of the above-mentioned entities.
  6. Active members of the Farmers Co-operative and registered Agro processors operating in the Cayman Islands.
  7. All immediate and extended relatives of members of persons listed in categories 1 to 6 above. All immediate and extended relatives must be living in the Cayman Islands except on a case-by case basis as approved by the Board.

Members are Owners

The Credit Union is governed and operated by its members, all of whom are owners/shareholders and share in the distribution of dividends. See also How to Become a Member. As a member, you have a right to know how the Credit Union is performing, and are invited to attend the Annual General Meeting where you can contribute to discussions about Credit Union matters and elect members of the Board of Directors and committees.

This unique structure ensures that Credit Union remains focused on the needs of our members.


Credit Unions earn income by lending the savings of members to other members at reasonable rates of interest. This income covers the expenses of the Credit Union. As Credit Unions are non-profit organisations, any surplus is channelled into providing members with better products and services and a competitive return on savings in the form of an annual dividend.

For more information email the New Accounts team, or call 345-949-8415.