News items Community Blog - Association of British Credit Unions Limited

Supporting community top of the agenda for East Kilbride Credit Union

posted 4 days ago

“Here’s to a successful 2019,” says East Kilbride Credit Union (EKCU), as they reflect on the first half of the calendar year and look ahead to an exciting rest of the year. The credit union held a very successful 37 th AGM earlier in the year where members heard reports from Directors of EKCU about how the business had performed. “Over the past ten years, East Kilbride Credit Union ...

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Six ABCUL forums benefit from Good Governance training

posted 4 days ago

Last weekend, the ABCUL Cymru, South West & West Midlands Forum came together in Bristol, for a special training event to share and learn more about ‘Good Governance’. The training has been part of a series of events that have taken place within ABCUL forums across the country. To date, six forums involving 38 credit unions have shared their learning, experience and challenges of Governance ...

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A thank you to inspirational women says, Karen Bennett

posted 4 days ago

Enterprise Credit Union CEO & ABCUL President, Karen Bennett has paid homage to ‘Fantastic’ female credit union leaders as she co-won ‘Merseyside Woman of the Year’. The event is designed to find and recognise the unsung heroines of Merseyside, for their achievements in just doing what they do best, changing lives and giving extra meaning to people’s lives across Merseyside. ...

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High demand for Child Benefit loans, say credit unions

posted 11 days ago

Last weekend, the credit union sector was again the focus on Moneybox Live on BBC Radio 4. The show featured ABCUL’s Head of Policy & Communications, Matt Bland who spoke about the benefits of a credit union child benefit loan and why there has been a rapid rise in demand for the product. Credit unions across the country say they are seeing much greater demand for the facility where ...

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Police Credit Union reaches 3,000 milestone for their military membership

posted 11 days ago

Last month, Police Credit Union celebrated Armed Forces Day by reaching the 3,000 milestone for their military membership. This market now makes up 10% of their total membership – with over £12.5 million in loans issued to Service Personnel. Police CU has recently launched tailored brands for each of the core markets they serve – Police CU, Military CU and Prison CU. This is in line with ...

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East Sussex Credit Union receives award from Illegal Money Lending Team for Anti-Loan Shark tour

posted 11 days ago

East Sussex Credit Union has received national recognition from the Illegal Money Lending Team (IMLT) and have been rewarded as ‘Highly Commended in the in the Stop Loan Sharks Champion Awards of 2019’. The award was presented by, Dave Benbow, Manager of the IMLT who recently visited ESCU’s Head office in Hove Town Hall, along with one of the Stop Loan Sharks mascots, Glenda the Lender. After ...

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Government announce the ABCUL credit unions participating in pilot Prize-Linked savings scheme

posted 19 days ago

Last year, the Government committed to launching a pilot a new Prize-Linked savings scheme for credit unions, to help people increase their financial resilience while boosting awareness and membership of credit unions. Under the scheme individuals who save will be entered into a draw to win cash prizes. Following a competitive application process, the Economic Secretary to the Treasury, John ...

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Seven credit unions granted 5 Star Fairbanking marks

posted 19 days ago

This week, the Fairbanking Foundation has granted its 5 Star Fairbanking Marks to seven credit unions. “We are absolutely thrilled to have granted 5 Star Fairbanking Marks to seven further credit unions. This further underlines the quality of their loan products and means we have nearly 10% of all credit unions across the country with Fairbanking Marks,” says CEO of the Fairbanking Foundation, ...

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Just Credit Union’s partnership with local school gains national recognition

posted 19 days ago

The Illegal Money Lending Team has recognised the ‘fantastic work’ that Just Credit Union has undertaken its partnership with a local primary school over the last 12 months. JCU worked closely with Holmer Lake Primary School to encourage saving, increase financial knowledge, and raise awareness of both credit unions and the danger of loan sharks in the local community. The partnership has ...

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Cardiff & Vale Credit Union win Social Enterprise of the Year at the 2019 Cardiff Business Awards

posted 25 days ago

Raising awareness of financial well-being in the workplace, all-round promotion of the credit union sector as an ethical alternative to payday lenders and its support in local school saving clubs contributed to the credit union’s well-deserved win. “This award signifies the everyday contribution that not only Cardiff and Vale Credit Union makes, but that of the entire credit union movement across ...

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Wyvern Savings & Loans celebrates 20 year landmark

posted 25 days ago

In a landmark year where Wyvern Savings & Loans celebrates its 20 th anniversary, the credit union is celebrating a significant milestone of lending more than £5m to its community. Wyvern Savings & Loans will celebrate its landmark anniversary with an event for members at the Town Hall in Dorchester. It will be opened by Dorchester Mayor Richard Biggs, who himself is a member of the ...

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Beat The Heat of high-cost credit say SoundPound!

posted 25 days ago

This week, promoting its third Credit Union Awareness Week, the Greater Manchester credit union consortium ‘SoundPound’ has launched its new campaign, ‘Beat The Heat’. The Beat The Heat campaign urges people to be cool and prepared in the face of financial adversity and offers a call to action to get prepared for holiday or other expenses by choosing their local credit union for saving and ...

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