The Credit Union
Airports Authority Credit Union Co-operative Society Limited
Airports Authority Credit Union Co-operative Society Limited (AACU) is a financial co-operative serving the needs of its members, with the intent to enhance member’s financial stability and quality of life. AACU, established in November, 1985 has approximately 1,650 members (as at August 2021) and is categorized as a “Small Credit Union” in the country by virtue of asset size. The Credit Union’s membership base is primarily employees from the Airports Authority of Trinidad and Tobago Limited (AATT).
At August 2021:
$53.5 M
Credit Union's Asset Base
$47.2 M
Loan Portfolio
$33 M
Share Portfolio
The credit union is run by a twelve (12) Member Board, and is supported by a five (5) Member Credit Committee (all of whom are members of the Board of Directors), and a three (3) Member Supervisory Committee. AACU is located at Old South Terminal, Golden Grove Road, Piarco Airport, Piarco.
Vision Statement:
To become the Credit Union of choice in the Aviation Industry and beyond through exceptional financial services.
Mission Statement:
To enhance our members’ financial stability of life in an atmosphere of professionalism.
The AACU team introduced
five (5) Core Values
as pillars to support the vision and mission statements:
Service
Commitment
Integrity
Forward-looking
Teamwork
The Vision, Mission and Core Values were used to develop the strategies for the achievement of the objectives in the short to medium term, as the Credit Union seeks to take advantage of present opportunities and mitigate against the identifiable threats, as far as possible.
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With the organization evolving, the credit union has decided that in order for the Society to be more effective in the future, there must be a new guiding approach for the credit union.
This new approach has been captured in the following listing:
1. AACU being more responsive to market forces and the ability of the credit union to respond in a timely manner;
2. A change in the business model of AACU given current environmental forces;
3. A much better relationship between the credit union and its members;
4. Educate members – in particular the retirees of their eligibility to continue membership;
5. Improve on the relationship between Office staff and members;
6. Decision making should be in line with policies and procedures, whilst at the same time adapting to environmental forces;
7. Member sensitization through more effective communication to ensure awareness of AACU’s products and services.
UPCOMING EVENTS