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
Membership – Junior Savers
Apply for a Junior Savers Account
The Junior Savers account is perfect for children and teenagers under 18 years old, teaching them the value of saving from an early age. With fun incentives and digital guides designed for young savers, we make saving exciting and educational. Our experienced Member Services Officers can work with parents and children alike to set up the account and explain how saving works, ensuring that the next generation grows up with strong financial habits and a clear understanding of how to manage their money.
Here are some benefits of our Junior Savers accounts:
- NO FEES are charged to these accounts
- NO MINIMUM balance required
- Attractive and competitive interest rates
- Exclusive rewards – scholarships and awards
- Access to free educational events and activities
- Instill early financial literacy
- Qualify for the Co-Op Med ADVANTAGE plan
- Can be used as a School/College savings fund
How To Become A Junior Member
Membership is voluntary and open to all persons living Barbados. Parents or Guardians are required to apply in person for all minor account applications.
You require to:
- Two forms of valid photo I.D. for the minor
- Passport
- Government issued identification card
- Proof of Residence for Parent/Guardian (any one of the following):
- Two (2) most recent Utility Bills
- Two (2) most recent Rent Receipts
- Address verification on reference form
- Minimum Required to Start:
- Permanent Qualifying Shares (Compulsory): Value of $100.00