Bermuda Credit Union

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Bermuda Credit Union

Where finance meets community. Build with us.
🏦 Savings, Loans & Insurance
📝 Borrow up to 4x your savings
🌐 24/7 Online Banking Access

05/05/2025

At Bermuda Credit Union, our members are at the heart of everything we do. Hear it from Corlita Davis, who calls us “a caring partner” she can depend on and trust.

Thank you, Corlita, for your kind words and for being part of our Credit Union family.

28/04/2025

Borrow smarter with Bermuda Credit Union!

Our Regular Personal Loans are designed to help you reach your goals without compromising your financial stability. Whether it’s education, medical expenses, or a major purchase, we’ve got you covered.

Here’s what makes our loans different:

• Borrow up to 4x your savings: Access the funds you need while keeping your savings intact as collateral. For example, if you have $25,000 in your share savings account, you can receive a loan of up to $100,000. Your $25,000 is held with us until the loan is repaid.

• Fixed monthly payments: Enjoy predictable payments that stay the same throughout your loan term.

• No prepayment fees: Pay off your loan faster without penalties.

• Save while you borrow: A portion of each loan repayment goes straight into your savings, helping you build financial security as you repay.

For example:

• If you borrow $100,000 over a 10 year repayment term, you would need $25,000 in your initial savings to be held as collateral. As you repay the loan, part of each monthly payment will be deposited on top of your collateral to help you save. By the time you finish repaying the loan at the end of the 10 years, your initial $25,000 will have grown to over $40,000.

At Bermuda Credit Union, we’re here to help you achieve your financial goals with confidence and support.

Learn more today at bcu.bm/loans.

21/04/2025

Being a member of Bermuda Credit Union comes with real financial benefits!

💰 Better Rates & Lower Fees: Get higher savings interest rates and easier access to loans compared to traditional banks.

🛠 Member Services: Enjoy a range of financial products tailored to your needs, including savings accounts, loans, and more.

🗳 Democratic Control: Every member gets an equal vote in electing board members—regardless of how much they have in savings.

🫱🏽‍🫲🏿Community Focus: We’re all about giving back and supporting the financial well-being of our members.

📌 Learn more about membership at bcu.bm/membership/

14/04/2025

Start their journey to financial independence early with CU-CLUBBS, our Young Savers Program!

Designed for children from birth to age 18, the CU-CLUBBS account helps young savers grow their funds while teaching the value of saving.

Here’s what makes CU-CLUBBS special:

- Start saving with as little as $5.
- Earn interest at 0.75% per annum, applied monthly.
- Seamlessly transition to full membership with permanent shares at 18.

Give your child the gift of financial empowerment today. Visit bcu.bm/savings to view the requirements and book a time to open an account - take the first step toward a bright financial future!

11/04/2025

At Bermuda Credit Union, our members are more than just clients—they’re part of our community. Hear from Kovette Bean, who shares how we’ve supported her in achieving her financial goals.

We’re proud to be the financial institution that you can count on, just like a trusted friend.
Join our family today and experience the difference.

09/04/2025

Looking to grow your savings securely? Fixed Term Deposits at Bermuda Credit Union are a safe and reliable way to earn guaranteed interest over time.

Here’s how it works:

• Deposit a lump sum (starting at $1,000).
• Choose a term from 30 days to 5 years.
• Enjoy competitive, guaranteed interest rates for the entire term.

Think of it as a “locked-in” savings plan: while your funds are committed for the term, you’ll know exactly how much you’ll earn by the end.

It’s a perfect option for reaching savings goals or putting aside money you don’t need right now.

For more information, visit our website at bcu.bm/savings or contact us at:
📞 +1 441 292-0385
📧 [email protected]

04/04/2025

Transferring funds into your Bermuda Credit Union account is simple and secure!

Here’s a quick step-by-step:
1️⃣ Log in to your external bank account.
2️⃣ Transfer funds to our Butterfield Bank account.
3️⃣ Email a record of the transfer to [email protected].
4️⃣ Allow 1-2 business days for processing.

For complete instructions and helpful tips, visit bcu.bm/how-to-transfer-funds-into-your-credit-union-account.

01/04/2025

Understanding the Ordinary Share Savings Account

At Bermuda Credit Union, our Ordinary Share Savings Account operates like a current account—ideal for everyday savings and transactions.

Here’s why it stands out:

• No monthly fees: Keep your money working for you without hidden costs.

• Easy access: Deposit, withdraw, or transfer funds whenever you need.

• Secure savings: Enjoy Bermuda Deposit Insurance protection up to $25,000.

• Peace of mind: CUNA Caribbean Life Savings Insurance offers an additional payout to beneficiaries.

• Build towards future goals: Funds in this account can be used to secure a loan, with borrowing options up to four times your savings.

As a member-owner, you’re investing in a financial future that’s designed to support you. With the Ordinary Share Savings you’re building a foundation for financial stability and growth.

24/03/2025

Thinking about joining Bermuda Credit Union?
Membership is open to all persons living and working in Bermuda—including Bermuda status holders and residents.

• Enjoy lower loan rates & higher savings returns
• Become a part-owner of your financial institution
• Experience community-focused banking

Join today and start building your financial future with us!

Learn more: bcu.bm/membership

20/03/2025

At Bermuda Credit Union, you’re more than just a customer—you’re an owner. 🏡💙

With better rates, lower fees, and a community-driven approach, we’re here to help you build a stronger financial future.

Ready to join? Visit bcu.bm/membership today!

18/03/2025

Skip the wait and bank on your time! Whether you need to open an account, discuss financial options, or apply for a loan, Bermuda Credit Union makes it easy. Book an appointment online, in-person, or by phone.

📅 Ready for a loan? If you have all your documents, apply via email—no appointment needed! Learn more: bcu.bm/loans

12/03/2025

At Bermuda Credit Union, we pride ourselves on building strong relationships with our members. 💙

Hear from Helen Turini, who shares how our personal, family-like approach makes a difference.

Join a financial institution that values you. Learn more at bcu.bm/membership.

Address

49 Union Street
Hamilton
HM12

Website

http://www.bcu.bm/

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