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Letters of Indebtedness

A Letter of Indebtedness is a formal document issued by the Central Bank Employees Credit Union (CBECU) that verifies the amount of debt owed by a member.

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Purpose of Letters of Indebtedness

Loan Applications

Provide proof of existing debt when applying for new credit, refinancing or for legal proceedings to verify debt.

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  • Embassy Letter

    Provide proof of your financial position when undergoing the process of applying for a VISA to travel.

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  • Steps to obtain your letter

    Make a detailed request in writing, addressed to the Manager of the Credit Union.

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Steps to Obtain Your Letter of Indebtedness

Follow these simple steps to request your Letter of Indebtedness from CBECU. This section explains the process in detail.

  • Request in Writing

    01

    Make a detailed request in writing, addressed to the Manager of the Credit Union.

  • Submit Required Documents

    02

    Provide identification and any other necessary documentation as specified in the form.

  • Pay Processing Fee

    03

    A small fee may be required for processing your request. Details will be provided during the application process.

  • Receive Your Letter

    04

    Once processed, your Letter of Indebtedness will be issued and can be collected from our office or sent to you via email or postal mail.

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  • Fees and Charges

    Processing Fee

    Our standard processing fee is $10.00 per request.

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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.

  • What is a Letter of Indebtedness?

    A Letter of Indebtedness is an official document issued by CBECU that confirms the amount of debt owed by a member. It is used for various legal and financial purposes.

  • How long does it take to receive a Letter of Indebtedness?

    Processing times can vary, but typically, you can expect to receive your letter within 5-7 business days. Expedited services are available for an additional fee.

  • What information is included in a Letter of Indebtedness?

    The letter includes the member’s name, account number, total debt amount, and details of the debts (e.g., loan types, amounts owed).

  • Can I request a Letter of Indebtedness online?

    Yes, you can request a Letter of Indebtedness by filling out the request form on our website. Alternatively, you can visit our office to complete the process in person.

  • Is there a fee for requesting a Letter of Indebtedness?

    Yes, there is a processing fee for issuing a Letter of Indebtedness. The fee amount will be specified during the application process.

Contact Us

If you have any questions or need further assistance, please reach out to our member services team. Office Hours: Monday to Friday, 8:00 AM - 4:00 PM

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Central Bank Employees Credit Union