The Tranquillity Credit Union Cooperative Society Ltd in collaboration with Intercommercial Bank Ltd, and with technical support from Micro Software Designs Ltd launched its Visa debit card on Thursday in the Century Ballroom, Queen's Park Oval.
The launch of the innovative service according to Collinsworth Howard, general manager of Micro Software Designs Ltd, is indicative of two of Tranquillity Credit Union's stated commitment–to improve the quality of life of their membership and to provide quality service.
Identifying some of the main benefits of having the card, Edwin Ian Reid, president of the Tranquillity CreditUnion said cardholders will have the advantage of instant cash in their hands, no worry to apply for US dollars while vacationing, free insurance coverage when travelling abroad (provided that tickets are purchased with your Tranquillity debit card), no interest payable and no transaction fees locally.
Reid also said Tranquillity Credit Union will be implementing in early 2016, the Global Information Access (GIA) and Mobile Information Access (MIA).
These facilities, he said, are complimentary to the debit card and would afford members the comfort to access and conduct transactions from their computer and mobile phones anywhere in the world.
The credit union is also reviewing proposals for the introduction of a group health plan which would cover medical needs and also offer many other benefits.Tranquillity Credit Union has an asset base in excess of $100 million with a membership of over 200.
They are now occupying their own building with state-of-the-art facilities at 5 Maraval Road, Port-of-Spain.