The UEW Co-operative Credit Union Ltd. started in November 1994 by the University of Education, Winneba staff. The Union started with an initial membership of 28 who were senior members, senior and junior staff. The founding members were made up of twenty (21) males and seven (7) females and the least contribution of twenty pesewas (GHS0.20) to savings. The initial payroll deductions were affected in January 1995 and within six(6) months the Union began granting loans to its members.

In August 1995, the Credit Union held its maiden Annual General Meeting (AGM) with an increased membership of 137 and a total savings of GHS422.00. By December 31, 2022, membership of the Union with minimum shares had grown to 14,454 if group members were counted seperately, and the total savings had increased to GHS34,203,614.54. Membership of the Credit Union which was initially restricted to only the staff of the University was opened to the general public in January 2011.