Business, Regulatory & Legislative Status

Changing Registered Name

Why do you need to know? If you decide to change the registered name of your credit union it must...

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Credit Union Business and Regulatory Status

Often credit unions experience confusion or difficulties form partners and suppliers in understanding the legal status of the credit union...

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Credit Union Closure

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Credit Union Regulation

Credit unions, as deposit-takers, are dual-regulated. That means they are regulated by both the Prudential Regulation Authority (PRA) and the...

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What the Law Says?

The main legislation There are a number of different pieces of legislation that affect the operations of a credit union....

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Firm details

Credit unions are required to check or update their firm data with the Financial Conduct Authority (FCA) (previously known as...

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Guide to a Strategic Merger

A merger, in the right circumstances, can be used strategically to achieve a wide range of benefits for both credit...

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Reform of the Credit Union Sourcebook

(Updated 22/05/25) Introduction & ABCUL Lobbying The Prudential Regulatory Authority (PRA) reformed the Credit unions sourcebook which was consulted on...

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Registering New Rules

Your Rule Book Your credit union’s rule book is the legal contract and the main governing document with the membership...

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Regulatory Status Disclosure

Applies to all GB credit unions Credit unions must include standard regulatory disclosure wording in all communications it makes with...

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Setting up a Friends of Organisation

Why do you need to know? You may set up a ‘friends of … organisation’ to fundraise and generate additional...

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Trading Names

Why do you need to know? Your credit union’s trading name is used to identify and distinguish yourself from other...

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