Working hand in hand with the public and private sector, our goal is to provide for in international exchange for consultation and collaboration on matters of interest to stakeholders in the cash payments cycle and to GIVE BACK to the industry through the benefits provided from our various project work, programs and information resources. Industry Guidelines-IACA is committed to the development of a variety of guidelines. These documents are drafted with input from IACA members and provide an overview of the industry best practices and principles. IACA’s first publication is the Guidelines on Banknote Production, now scheduled for a second edition in 2012. There are several other documents now in the drafting stage, including Guidelines for Tendering, and Guidelines for Agent and Distributor Conduct. Members have access to Guidelines documents.

The Barbados Police Co-op Credit Union replaced the Savings Society of 1958 and was registered at the Department of Co-operatives on November 24th, 1960. Officials of the Credit Union met in a small office (about 15ft sq.) at Central Police Station in shared accommodation with the Police Association. The first President was Inspector John Hutson. Other past Presidents included Harold Banfield, Harold Jones and Aviston Prescod. The first Secretary was Mr. Lionel Lloyd. Major Ronald Stoute was Commissioner of Police who believed that there should be more than a mere Savings Society which was registered in 1958 and he threw his weight behind the Credit Union. In the early 1980's The office of the Credit Union moved a few steps across the yard at CPS to building about the twice the size of the previous one. From there it moved to rented premises at James Street, in 1989 then to its present location in Lightfoot Lane in January 1993. None of the recognized lending Institutions at the time, had any interest in Co-operatives. They were seen mainly as an extension of what is commonly known as a '"meeting turn." Members saved about $2.00 per month and to save $ 5.00 in those days was unique. The Annual General Meetings were held in the Recreation Room at CPS. Numbers started to increase in the early 1970's as the Credit Union gained acceptance among members. The Police Credit Union was the first Credit Union in Barbados to reach the million dollar Share Capital milestone and it has steadily grown due to the committed patronage of members. The Late Bro Kenrick Hutson remarked in his speech on January 1978 to celebrate this achievement “….we are celebrating an achievement which can be considered as one of the landmarks in the history of the Barbados Police Credit Union. It was sometime during the month of August, 1977 that we reached one million dollars in share capital.”

In 1968, members of the Civil Service Association Trade Union (which represented the majority of civil servants in Barbados) made an application and were granted permission to form a Savings Society. By 1969 the objective of the executive of this Society was to have it registered as a Credit Union. On May 6th, 1970 the Barbados Civil Service Association Credit Union Limited (as we were then known) was registered. In 1977, in order to broaden its bond of membership, the name was changed to Barbados Public Workers' Co-operative Credit Union Limited (BPWCCUL). This bond would now allow the inclusion of former civil servants, staff of statutory boards, husbands, wives and children of members as well as employees of the National Union of Public Workers.

The Barbados Stock Exchange (BSE), formerly the Securities Exchange of Barbados, was re-incorporated on August 2nd, 2001 with the passage of the Securities Act 2001-13. As a result of the Act, the Barbados Securities Commission, now the Financial Services Commission, was established which has overall regulatory responsibility for the entire Barbadian Capital markets including all Self Regulatory Organizations (SRO), of which the BSE and its subsidiary the Barbados Central Securities Depository comprise, as well as all public companies whether listed or not.

The Belize Bank Limited (“BBL”) is a company incorporated and organised under the Companies Act, Cap. 250 of Belize, and licensed to conduct banking business pursuant to the Domestic Banks and Financial Institutions Act, 2012 of Belize (the “DBFIA”). As a company licensed to do banking business, BBL is subject to the supervision of the Central Bank of Belize (“CBB”), and the Financial Intelligence Unit (“FIU”). Constitutional Documents In 1988, The Belize Bank Limited was introduced and has since carried out the business of banking in the country of Belize.

The Credit Union (CU) Movement in Belize was started in 1943 by a coalition of 32 individuals. The pioneer of the movement was Father Marion Ganey, who believed that people have the responsibility to solve their economic and social problems. The Belize Credit Union League Limited (BCUL) was established in 1956 under section the Credit Union Act, No. 7 of 2002 Part XII section 80. BCUL is an association of Credit Unions and was established to further the Credit Union movement’s common interests through advocacy, bulk purchasing, and training for the benefit of its members.

On April 6th, 1965, R. Darlington Marshall, Benard King, Colbourne Walters, Roger Yarde, Trevor Alleyne, Mark McConney, Neville Bayley, Victor Reid, Courtney Bramao and Sister Jean Alleyne, were ten (10) employees of Cable and Wireless who signed that application for the formation of a Savings Society. On September 16th 1966, BET Co-operative Credit Union Ltd made a transition to full Credit Union status with seventy-five (75) registered members and a share capital of seventy-five thousand dollars ($75,000.00).We have been able to reach this major milestone thanks to our “Strong Past”. This strength has been handed down through the generations of dedicated Directors, Committees and Staff to continue to secure a stable financial future for our members. The Credit Union has seen tremendous growth, the move in 2012 to our new location in Belleville, the introduction of new products and services like our Line of Credit facility and Health Insurance, meet the needs of our growing membership.

Our name, Bahama Islands Co-operative Credit Union Limited, reflects the proud history of our organization. First known as ‘Paradise Island Resort & Casino Co-operative Credit Union Limited’ in 1986, then as Bahama Islands Resorts & Casinos Co-operative Credit Union Limited in 2007 and now BICCU since August 2014, we were established to address certain needs among employees of the Paradise Island Resort (now superseded by the mega vacation complex Atlantis. Casino workers who at the time did not have medical and pension benefits were the initial driving force behind establishing an organization that could provide medical, pension and other financial benefits for them and their colleagues. Founding members included Eugene Cooper, Anthony Balfour (deceased), Bruce Delancy, Trevor Grant (Deceased), Wendy Quant, Linda Symonette and Michael Munroe. We changed our name in 2007 to reflect a purpose that had expanded to embrace and serve the needs of many others, particularly employees of Family Island resorts and casinos. In 2009, BICCU made a transition to offer its services to not just all casino and resort employees but to their immediate family member as well. The most recent change to our license resulted from the wishes of our member at the 28th AGM – the approval for the regulatory authority to expand our license came in August 2014. We excitedly welcome the families of the Bahamas from virtually every industry – government and the private sector! We are actively involved in our community by the donations we make annually to various civic groups.