FTU-CTCL is a member owned Cooperative institution. Nearly 34 years ago, a group of teachers, tired of high loan rates by banks, pooled their savings together and opened a Co-operative. Their initial deposits totaled barely $1 170.00.

From these humble beginings, FTU-CTCL has grown to over $50 million in assests serving over 3200 members. Our tremendous growth is due to the performance of the institution and the loyal support of our members.

Although we offer financial products and services similar to banks, we are not a bank. Banks are owned by their stakeholders, who demand that the primary focus of
the management is to maximise profits.