Important Weather Announcement
We wish to advise our members that the credit union will be closed on Monday July 1st, due to Hurricane Beryl. We will advise on the reopening of the credit union after the all clear has been given and the assessment of the office has been completed.
Please monitor our social media pages such as Facebook, Instagram and our Website at www.lpecu.bb for updates.
We apologize for any inconvenience caused. Please stay safe during the passing of this hurricane.
Light and Power Employees Co-operative Credit Union Ltd- Committed to Total Member Satisfaction

QUICKSTART LITE LOANS
A Smart Start Toward Financial Freedom
Everyone needs a little help to get ahead—whether it’s covering an unexpected expense, investing in personal growth, or seizing a new opportunity. QuickStart Lite Loans is an exclusive offer for new members to our credit union. This offer provides an easy, accessible way to secure extra funds without the stress.

Empowering Financial Independence
At LPECCUL, we believe in empowering financial independence. This loan is designed for employees and professionals who need a quick, manageable financing solution. What are you waiting for… Join Now to get started!
✔ Borrow up to $2,000
✔ Low weekly payments—just *$41 per week!
✔ Flexible 12-month repayment plan. No penalties for paying off early
✔ Loan Disbursement – 5-7 business days for approved members
✔ No complicated paperwork—just a fast, digital application!
QuickStart Lite Loans offer a fast and affordable way for new members to access up to $2,000 with manageable repayments. As a credit union member, you get the opportunity to build a solid credit history while taking a smart step toward financial independence.
Who Can Apply for QuickStart Lite Loans?
QuickStart Lite Loans are offered exclusively to new members joining our credit union. This loan is perfect for employees and professionals looking for an easy way to manage short-term financial needs.
To qualify, you must:
✔ Be employed for at least 1 year
✔ Earn a minimum salary of $2,000 per month
✔ Satisfy our loan policy – this requires a 10% share deposit for any personal loan, which is kept until the end of the loan
✔ You must not have active loans or credit lines with LPECCUL or any other financial institution

STEP 1 – APPLY FOR YOUR MEMBERSHIP:
Ready for a “Quick Start”? Let’s first start by becoming a member of the LPECCUL. Joining our credit union is as easy as “1 – 2 – 3“:
- COMPLETE APPLICATION FORM: Download and complete from our
website or visit our office for a copy. (Required: $10 Application fee + $100 Share Deposit) - ID AND PROOF OF ADDRESS: Provide (1) valid form of government-issued photo identification and (2) recent utility bills or rent receipts
- SOURCE OF FUNDS: Provide the source of funds being placed in your account Example: job letter, (2) recent play slips or bank statements
STEP 2 – SUBMIT YOUR LOAN APPLICATION:
After your membership has been approved, you can apply for the QuickStart Lite Loan.
NB. For a limited time, you can submit both your membership application and loan request:
- COMPLETE LOAN APPLICATION FORM:
Visit our digital loan application webpage to complete and submit your loan application. For new registrations, you may use the words “New Member” in the “Account No.” field if you have not been issued a number at the time of loan application. - $200 SHARE DEPOSIT:
Credit Unions usually have a loan policy that requires all members to have at least 10% (i.e. $200) of the desired loan amount, available in shares. This amount is kept for you for the lifetime of the loan. - SALARY/WAGE DEDUCTIONS:
Approved loans, will require a salary deduction form to be submitted before the loan is disbursed. You can also utilise SurePay to make additional monthly loan payments or to pay off your loan early.

EXCLUSIONS:
- If you already have an existing loan or line of credit with LPECCUL or another financial institution, you won’t qualify for QuickStart Lite Loans—but don’t worry! We have other loan options for you.
OTHER INFORMATION:
- Please note that all member applications and loan approvals are at the discretion of the LPECCUL.
- * When any loan is issued with our credit union, it is our policy to ensure members not only contribute to the credit union but also develop healthy saving habits. For this, a savings pledge between $10 and $100 is required each month.
- If you are already a member of another credit union, additional processing time may be required to process your membership application.
- The loan term period is 12 calendar months with an interest rate of 15%.
ALREADY A MEMBER OF OUR CREDIT UNION?
If you’re an existing LPECCUL member, you could already be preapproved for a QuickStart Preapproved Loan – giving you faster access to the funds you need.
Why wait? If you qualify, your loan is already ready!
How to Prequalify for Loans Faster:
✔ Maintain steady savings – Maintain a combined balance of at least $5,000 in shares and deposits.
✔ Keep a strong repayment history – Always make loan payments on time
✔ Build financial stability – Show responsible financial behaviour with your creditors to maintain a healthy credit history
💡 Good financial habits open doors! By making smart choices today, YOU can qualify for bigger, better loan options in the future.
Learn More About Preapproved Loans → QuickStart Preapproved Loans