CEMCU is a TCL employees’ based Credit Union providing financial services for its members.

We invest directly and indirectly for our members both in Fixed Investments and Equities. We are constantly providing the best return for our members in both fixed deposits and dividends.

To empower our members to attain financial independence and security consistent with being a good co-operate Citizen.
To remain the premier Credit Union Co-operative Society in Trinidad and Tobago.

CEMCU Credit Union was established in 1954 with just seventy-nine dollars and 58 persons as members.

It was formed around a common bond of association, that is, employment with Trinidad Cement Ltd and as its first President, Frank Johnson the then Works Manager at TCL. The Credit Union, therefore, started in the main as an employee-based Credit Union, which permitted members, that is employees of the company to save and access loans at reasonable rates of interest.

At the end of its first year in operation, 1954, the Trinidad Cement Employees’ Credit Union increased its total asset from a mere seventy-nine dollars on the formation to $20,000 which by today’s standard might not be seen as much but was a significant sum in those days.

For the next three decades, from 1964 to 1994 the Trinidad Cement Employees’ Credit Union operated under the stewardship of Mr Everad Dean and had been successful in continuing the positive trend of growth in its total assets, which grew from approximately $250,000. in 1964 to $692,602 in 1974.

Over the next decade, CEMCU crossed another threshold passing the million-dollar mark ending in 1984 with over five million dollars in total assets, and which further increased to thirteen million dollars when Everard Dean Stint as President ended in 1994.

It was during this period, that Trinidad Cement Employees’ Credit Union began to reveal certain signs of distinction and excellence, starting from when a dividend of 8% was paid.

It should be noted that until our recent influx of new members especially children, our average savings per member was $75,000 which is way above the average savings for any credit union in Trinidad & Tobago and indeed the Caribbean and Latin America.

Although CEMCU is not one to go after awards, we have received over eight awards from the Trinidad and Tobago Credit Union League and the Credit Union Stabilisation Fund for the continuous excellent performance and the pivotal role we have played in transforming the financial landscape.

We plainly comprehend that you need not lose, but rather to gain more cash over your time with us.

Although CEMCU is a small credit union in terms of members, it does not see itself in any way restricted by size; and selflessly seeks to promote credit unionism throughout the country, by working together with all stakeholders in the cooperative process.

Our size has not stopped us from producing a President of the League, nor two Presidents of the Central Finance Facility, and at present, the Vice President of the Credit Union Stabilisation Fund.