Insurance on Shares & Deposits held by members (individuals who are members of Credit Unions) in the event of a failed Credit Union. This means that if, for any reason, a Credit Union should go into Liquidation, all members belonging to that credit union will receive protection of their unencumbered funds of up to $125,000 on Shares and $50,000 on Deposits.
Provides Education and Training to Board of Directors, Credit Committee, Supervisory Committee, staff, Mangement and aspiring leaders of Credit Unions.
Some of which include:
Wealth and Investment Management
Credit Union Governance
Functions of the Committees
The TTCUDIF was registered as a co-operative society in July 1999 with a membership of forty-two (42) credit unions.
The TTCUDIF provides insurance against the loss of Shares and Deposits held by Members in their Credit Unions provided that their Credit Unions are members of TTCUDIF. A provision of coverage on unencumbered (net) shares and deposits of $125,000 (shares) and $50,000 (deposits) is offered to all our members. In essence, we promote and otherwise contribute to the overall stability of the Credit Union fraternity in T&T.
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