Credit union deposits to receive first-ever insurance cover
Finance
Politics
Legal
June 23, 2026
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After several years of advocacy by the nationâs credit union league, the savings of credit union members may soon be safeguarded if the Protection of Depositors Insurance Bill is passed by Parliament.
Minister of Finance Ryan Straughn piloted the bill in the House of Assembly on Tuesday in the presence of directors and management of the Barbados Co-operative & Credit Union League Limited, together with representatives from across the credit union sector, after more than 15 years of advocacy by the League.
The legislation would repeal the existing Deposit Insurance Act and extend coverage to credit unions for the first time.
Finance
Politics
Legal
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