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(opens in a new tab)Saint Kitts and Nevis
(opens in a new tab)First Federal Credit Union
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Go to Website (opens in a new tab)About First Federal Credit Union
First Federal Credit Union Limited is a member-owned financial cooperative operating in Saint Kitts and Nevis, with branches in Basseterre, St. Kitts and Charlestown, Nevis. It traces its roots to the Foundation for National Development (FND), established in 1985 to support small businesses, entrepreneurs, farmers, fishermen, and underserved communities with financing and training. In 2009, it transitioned into a credit union model, and in 2019 rebranded as First Federal Credit Union. Unlike commercial banks, First Federal operates for the benefit of its members rather than external shareholders. Its mission focuses on helping members build savings, access fair credit, grow businesses, and create long-term wealth through cooperative finance. It has expanded into a modern financial institution offering savings, checking, loans, business finance, cards, and digital banking.
Amount
EC$1,000 - EC$50,000
Tenor
12 - 60 months
Min. approval time
24 hrs
Countries
Created on
April 2026
Last updated
April 2026
Requirements
The basic requirements to apply for a loan on First Federal Credit Union include:
- • Membership requirement: Applicants generally need to become members before accessing many lending products.
- • Valid ID: Two government-issued IDs are commonly requested for onboarding and loan processing.
- • Proof of income: Salary slips, employment letters, tax records, or business income documents may be required.
- • Bank statements: Recent statements may be requested to assess affordability and repayment ability.
- • Credit assessment: The credit union reviews income stability, debt obligations, and repayment capacity before approval.
- • Collateral/security: Larger loans, vehicle loans, or business lending may require security, guarantors, or pledged assets.
- • Purpose documents: Vehicle quotations, tuition documents, invoices, or business plans may be needed depending on loan type.
- • Compliance checks: KYC, AML, and source-of-funds verification are standard requirements.
How to Apply
To apply for a loan with First Federal Credit Union, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
Contact
Support Number
+1 319 743 7806
Website
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