The purpose of the study was to examine the effect of co-operative credit union (CCU) on the economic well-being of employees. The study was a case study with a sample size of 182. However, only 179 of the respondents participated in the study. The census method was used to capture all the respondents. A questionnaire with three sections was the instrument used to address the research objectives. Data analyses were applied, including cross tabulation, frequency and percentage distribution. The findings from the study have established that credit union scheme has assisted members significantly in overcoming most of the financial challenges facing them. This helped in improving the quality of life of the members. Management staff of the union was found to lack the needed professional competence and expertise for managing the scheme. Based on the key findings and conclusions the study recommended to management of the union to ensure that interest rates are reduced further and the competence of the management staff of the scheme is upgraded in risk and investment management to make the scheme more sustainable to continue enhancing and improving the economic well-being of its members significantly.