Following a year of careful planning, the transfer of undertakings between Lincolnshire Credit Union and Nottingham Credit Union is complete. Nottingham Credit Union will now trade as “The Notts & Lincs Credit Union”
Originally scheduled for earlier this year, Covid19 delayed the merger and it may be some weeks before full integration can happen.
Liz Blackman, Chair said: “The merger gives us greater opportunity to grow sustainably, improve service and products and to help more people across the two counties. Covid19 has created additional challenges, the merger should mean we can better cope with those challenges.”
Jason Eaves, CEO said: “At our regular planning events over the last few years, the Board at Nottingham had discussed in detail their attitude and approach to possible mergers. We know that our localness is a key strength, this has to be balanced with the need to be sustainable and self-sufficient; and being able to offer service and products that compete with the many high cost credit providers”
“We are delighted three of Lincolnshire Credit Union staff are joining our team. The new Credit Union will operate from offices in Nottingham, Mansfield and Lincoln” continued Jason.
David Lynn, Chair of Lincolnshire Credit Union said: “I would like to thank all of the many unsung heroes who have sustained the Credit Union in Lincolnshire for many years. I am delighted that the merger is complete and that there will continue to be a vibrant credit union in Lincolnshire for many years to come”.
Commenting on the merger between the Nottingham Credit Union and Lincolnshire Credit Union, ABCUL CEO Robert Kelly, said: ““The merger between both credit unions is an excellent example of two organisations collaborating together to achieve greater sustainability and service provision for its combined member base. It goes without saying that massive thanks must be given to staff and volunteers of Lincolnshire Credit Union, who have kept their members best interests at the forefront over the years and which is typified with this merger.”