THAWE Credit Union Co-operative Society Limited was born out of a need to assist employees of the Tobago House of Assembly to improve their economic and social well-being. The Credit Union was born on the 30th July 1989 and registered on the 12th December, 1989. It all began when a group of twelve very enterprising and experienced individuals got together, pooled their meager resources, and launched the organization encouraging savings and offering easy low-cost loans to workers. The Credit Union was initiated by the following workers who became the first members:
Initially, the business of the Credit Union was transacted from a desk within an office located at the Works Department at the Carrington Street Office in Scarborough. When the Works Department/Works Division was relocated to Old Government Farm Road, Scarborough, an office space was provided for the Credit Union. In those days, an employee in the Department voluntarily attended to members before and after work hours, and during their lunch breaks. Today, the Credit Union’s membership has grown to over One Thousand members, a full-time Manager and seven (7) other employees. Main services and products offered by the Credit Union are Shares, Deposits and Loans.
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