Welcome to Central Bank Employees' Credit Union
We're dedicated to empowering our members to achieve their financial goals and dreams. As a member-owned financial cooperative, we prioritize your needs above all else, offering personalized service, competitive rates, and a commitment to community involvement.
Understanding Different Types of Loans
We offer a variety of loan options tailored to meet diverse financial needs. From personal loans to mortgages, business loans to student loans, our range covers various purposes. Explore the details of each loan type below to find the option that aligns with your specific requirements and financial circumstances.
Fully Sercured Loan
This is loan granted to a member who’s share balance is greater than the amount of the loan.
Unsecured Loan
This is a loan granted to a member who’s share balance is less than the amount of the loan. Outside of a loan sale, a member’s unsecured loan eligibility is two times the member’s share balance.
Other Loans
This is loans offered to members during a loan sales and is subject to what is offered to member in the official loan sale advertisement.
Loans Designed to Support Your Needs
We understand that everyone’s financial needs are different. That's why we offer a variety of loan options with flexible terms and competitive rates to help you achieve your financial goals. Whether it’s for education, a new vehicle, or home improvements, we're here to assist you every step of the way.
Competitive Interest Rates
Flexible Repayment Terms
Fast Approval Process
No Hidden Fees
Personalized Service
Loan Protection
Online Application
Member Benefits
Our Services
Discover the range of services we offer to meet your financial needs and goals
Apply for a loan
Get started by applying for a loan utilizing our easy and simple application process. Have access to the funds you requested in a week.
Deposit and Share Withdrawal
Access your funds quickly and conveniently in two days utilizing our online portal.
Family Indemnity Plan
Family Indemnity Plan (FIP) Insurance from CUNA (Sign up to be enrolled with the Family Indemnity Plan from CUNA which cover you and your family members’ funeral expenses up to the limit of the plan you’re enrolled in.)
Transfer request
Transfer funds between share, deposit and loan account by completing our transfer request form and submitting to office.
Letters of indebtedness
Request a letter via email and receive a physical or scanned copy in one week. Note: The request may take longer to be completed according to the request made and the datedness of the information.
Loan Calculators
Our loans calculator allows you to explore various loan options, estimate payments.
News
Explore the latest updates, press releases, and media coverage to stay informed about our company's activities, industry insights, and community involvement.
Articles
Explore the latest updates, press releases, and media coverage to stay informed about our company's activities, industry insights, and community involvement.
Frequently asked questions
We understand that you may have questions about our services, membership, or how to get started. Our FAQs section provides clear and concise answers to the most commonly asked questions. If you can’t find what you’re looking for, our team is always here to help.
Let's Get In TouchWhat is a Credit Union?
A credit union is a member-owned financial cooperative that provides traditional banking services such as savings accounts, loans, and financial advice.
Who can join the Central Bank Employees Credit Union?
Membership is open to all permanent employees of Central Bank and affiliated organization and their immediate family member.
How do I become a member?
To become a member, you must fill out a membership application form and provide the necessary identification and employment verification information.
What types of products do you offer?
We offer a variety of loan for personal and business expenses, your deposits earn a return when it is invested with us and we also offer Family Indemnity Insurance product (FIP).
How can I apply for a loan?
You can apply for a loan either via our website www.cbecu.com and click on the “Loans” tab or you can visit our office and fill out a loan application form. You are required to submit 2 forms of ID, recent payslip, job letter and a recent utility bill when apply for a loan. If we require additional details before the loan is granted, you will be contacted by our office staff.
What are the benefits of being a member?
Members enjoy lower interest rates on loans, higher returns on savings, personalized financial advice, and access to exclusive member-only products and services.
How can I access my account online?
You can access your account through our online banking portal. Simply log in with your member credentials to view account balances, transfer funds, pay bills, and more.
What is the process for updating my personal information?
To update your personal information, please complete the Member’s Information Update Form available on our website or visit one of our branches for assistance.
What are the current interest rates for savings accounts and loans?
Interest rates vary depending on the type of account and loan. Contact us directly for the most up-to-date information on our rates.
How do I contact customer service?
You can contact our customer service team via phone, email, or visit one of our branches. Visit our “Contact Us” page for detailed contact information and operating hours.
What documents do I need to provide when applying for a loan?
You need to provide a completed application form, 2 forms of ID, a job letter, a recent payslip and utility bill. There is a possibility that additional documentation when be requested when the loan is being processed.
