Dear Member,
Bermuda Credit Union is preparing to introduce important changes to some of the information we collect and the processes used when providing services to our members.
These changes form part of BCU’s ongoing efforts to meet the regulatory requirements of the Bermuda Monetary Authority (BMA), relating to Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF), including strengthening our Know Your Customer (KYC) processes.
While some of the changes may mean doing things a little differently when conducting business with us, they are important safeguards that help protect our members and the Credit Union and support BCU‘s continued stability and sustainability.
There is nothing you need to do at this time.
Over the coming weeks, we will share more about what is changing, why it matters and what you can expect when doing business with BCU.
Please look out for our next communication — it will provide important information to help you prepare for the changes ahead.
Thank you for your continued trust and cooperation as we work together to strengthen your Credit Union.
Bermuda Credit Union Co-operative Society Limited
