Established in 1997, Coöperatieve Spaar - en Kredietvereniging Utiliteitsbedrijven (Utility Credit Union) is a credit union, providing payment services, savings, loans and insurance products to its members. Coöperatieve Spaar - en Kredietvereniging Utiliteitsbedrijven (Utility Credit Union) is owned by its members via shares.
Although there is no deposit guarantee scheme in Curacao, In February 2020, the Centrale Bank van Curaçao en Sint Maarten (CBCS)submitted a draft national ordinance to the countries of Curaçao and Sint Maarten for a deposit guarantee scheme. Nevertheless, in the event of Coöperatieve Spaar - en Kredietvereniging Utiliteitsbedrijven (Utility Credit Union) failure its depositors will not receive any compensation or coverage.
Coöperatieve Spaar - en Kredietvereniging Utiliteitsbedrijven (Utility Credit Union) is located in Willemstad.
Coöperatieve Spaar - en Kredietvereniging Utiliteitsbedrijven (Utility Credit Union) is authorized and supervised by the Central Bank of Curaçao and Sint Maarten.