---
title: Credit Unions and Societies Info
description: "#### Credit Unions, Building Societies, and Friendly Societies in St. Vincent and the Grenadines St. Vincent and the Grenadines has a diverse financial landscape that includes various community-based financial institutions. Among these are building societies and friendly societies, which play…"
url: "https://fsasvg.com/docs/credit-unions-and-societies/"
updated: "2024-11-29"
category: Credit Unions
tags:
  - Building Societies
  - Credit Unions
  - Friendly Societies
---

# Credit Unions and Societies Info

#### Credit Unions, Building Societies, and Friendly Societies in St. Vincent and the Grenadines

St. Vincent and the Grenadines has a diverse financial landscape that includes various community-based financial institutions. Among these are building societies and friendly societies, which play crucial roles in providing financial services and support to local communities.

## Licensed Friendly Societies

| Friendly Societies |
| --- |
| Marriaqua United Friendly Society |
| The Brotherly Love Friendly Society |
| Lower Bay Progressive Friendly Society |
| Chateaubelair Olive Friendly Society |
| The People’s Successful Friendly Society |
| United Brethren Friendly Society |
| Canouan Perseverance Friendly Society |
| The Barrouallie/Layou Prudential Friendly Society |
| Buccament Wise and Prudent Friendly Society |
| Troumacca Temperance Friendly Society |
| Calliaqua Provident Friendly Society |
| The Chateaubeliar Prudent Friendly Society |
| St Patrick’s Friendly Society |
| New Testament Church of God Benefit Society |

**These friendly societies contribute to the social fabric of St. Vincent and the Grenadines, offering financial support and community services to their members across various regions of the country.**

## Related Forms (Friendly Societies)

- [Friendly Socieites Act 2021](https://fsasvg.com/friendly-socieites-act-2021_ocred/)

- **(a) There shall be a non-refundable registration fee of EC$300.00 payable upon registration.**
- **(b) An annual renewal fee of EC$300.00 is payable by December 31st of each calendar year.**

**Please note that once a complete application is received (all relevant documents are filed and the application fee is paid) the processing time for the application is 3 to 4 weeks.**

## Credit Unions in St. Vincent and the Grenadines

| Credit Union Name |
| --- |
| General Employees Cooperative Credit Union |
| Kingstown Cooperative Credit Union |
| Teachers Cooperative Credit Union |
| Police Cooperative Credit Union |

**These credit unions play a vital role in the financial ecosystem of St. Vincent and the Grenadines, providing essential financial services to various sectors of the community, including government employees, teachers, and law enforcement personnel.**

## Related Forms (Credit Unions)

- [Application for the Registration of a Co-operative Society (Form 1)](https://fsasvg.com/application-for-the-registration-of-a-co-operative-society-form-1/)

- [Certificate of Continuance (Form 3)](https://fsasvg.com/certificate-of-continuance-form-3/)

- [Certificate of Registration (Form 2)](https://fsasvg.com/certificate-of-registration-form-2/)

- [Notice of Change of Management (Form 5)](https://fsasvg.com/notice-of-change-of-management-form-5/)

- [Share Purchase and Transfer Certificate (Form 6)](https://fsasvg.com/share-purchase-and-transfer-certificate-form-6/)

- [Certificate of Dissolution (Form 7)](https://fsasvg.com/certificate-of-dissolution-form-7/)

- [Certificate of Name Change (Form 9)](https://fsasvg.com/certificate-of-name-change-form-9/)

- [Certificate of Revival (Form 8)](https://fsasvg.com/certificate-of-revival-form-8/)

- [Personal Declaration by Management Official (Form 4)](https://fsasvg.com/personal-declaration-by-management-official-form-4/)

## Guidance

#### Credit Union Investment Guidelines

[Download](https://fsasvg.com/credit-union-investment-guidelines-3/)

#### **Credit Union Nomination Guidelines**

[Download](https://fsasvg.com/credit-union-nomination-guidelines-3/)

#### **Share Capital Guidelines Credit Unions**

[Download](https://fsasvg.com/share-capital-guidelines-credit-unions-3/)

#### Fees

| **Asset Size** | **Registration Renewal Fee** |
| --- | --- |
| $10,000,000 and less | 2,000.00 |
| $10,000,001 – $20,000,000 | 2,500.00 |
| $20,000,001 – $50,000,000 | 5,000.00 |
| $50,000,001 – $75,000,000 | 7,500.00 |
| $75,000,001 – $125,000,000 | 10,000.00 |
| Over 125,000,000 | 12,500.00 |

### Related Legislation

- [Cooperatives Societies Act](https://fsasvg.com/cooperatives-societies-act_ocred-2/)

- [S. R O No. 45 Co-operative Societies Regulations 2023 (29th December 2023) (003)](https://fsasvg.com/s-r-o-no-45-co-operative-societies-regulations-2023-29th-december-2023-3/)

## Licensed Building Societies

| Building Societies |
| --- |
| St. Vincent Building and loan Association |

### Related Legislation

- [Building Societies Act - Cap 450](https://fsasvg.com/building-societies-act-cap-450-2/)