Bank Supervision

Cooperative Credit Unions

Pursuant to the Bahamas Co-Operative Credit Unions Act, 2015 (“the Credit Unions Act”) and the Central Bank of The Bahamas (Amendment) Act, 2015 (“the CBA”) the Central Bank is responsible for the registration, regulation and supervision of all credit unions operating in and from within The Bahamas. As such, all registrants are expected to adhere to the Central Bank’s registration and prudential requirements, ongoing supervisory programmes, including periodic onsite inspections, and required regulatory reporting.

For your convenience, key industry guidelines and regulations are listed below. The most recent documents are displayed first. To view detailed information about a document, click on the document title. To download a document, click on the appropriate icon in the “Files” column. Each icon represents a different type of file available for download.

Credit Union Guidelines

Published Tuesday December 22nd, 2015

All credit unions licensed, regulated and supervised by the Central Bank of the Bahamas (the Central Bank) are expected to adhere to the Central Bank's licensing and prudential requirements and ongoing supervisory programmes, including periodic onsite inspections, and required regulatory reporting.

The Guidelines below apply specifically to credit unions.

Bank Supervision