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Irish credit union pioneer, John Hume passes away

posted 4 days ago
The Board, staff and members of ABCUL are deeply saddened to hear of the passing of Irish League of Credit Unions (ILCU) past President John Hume, after a short illness. John was one of the driving forces for the establishment of the credit union movement in Ireland and was a founding member of Derry Credit Union in 1960, Northern Ireland's first credit union. In 1964 John Hume became the youngest ...
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Nottingham Credit Union and Lincolnshire Credit Union complete merger

posted 4 days ago
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 ...
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Wolverhampton City Credit Union offers emotional support as well as Financial throughout lockdown

posted 4 days ago
Credit unions have contributed to helping their members’ emotional and mental health, says Wolverhampton City Credit Union (WCCU). In response to the mental impact the global pandemic has made for communities, WCCU asked members to complete a survey to strategize how they can best support members, whether that was with financial help or personal support. Chief Executive,  Rob Shearing said: “Our ...
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New reports call for more support for credit unions

posted 11 days ago
  Two new reports published have called for more support to ensure the credit union sector can increase its reach. The Carnegie Trust UK last week published its findings into existing affordable credit provision in 7 Scottish Council areas, and called for stakeholders to work together to increase affordable credit providers market share to at least 10% of the current high cost credit market. ...
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Bradford District Credit Union supports workers financially struggling because of furlough

posted 11 days ago
  Bradford Council worker Michelle Taylor recently appeared on BBC television to discuss her relationship with the Credit Union which has helped her manage her finances as a single mum. She is recommending the new scheme to anyone suffering hardship because of the pandemic. Bradford Council has funded and launched a new initiative through the Bradford District Credit Union (BDCU) (Monday 27 ...
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Serve and Protect Credit Union welcomes the Fire and Health Service

posted 11 days ago
With over 32,000 members throughout the Police, Military and Prison Service the free employee benefit has now been extended to include those working within the Fire and Health Service. The credit union is there to help their members save and be there for them if they need to borrow throughout their career – with repayments straight from their salary. Having played an important role in supporting ...
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Maintaining and enhancing services – How LASER Credit Union remained open through lockdown

posted 18 days ago
From the outset the pandemic, there was willingness from the Board of Directors and staff that the LASER Credit Union should stay open in order that they  could serve its most vulnerable members.  “These members rely on us for cash withdrawals, crisis loans and LASER loans in the main. Whilst remaining open we were acutely aware of the need to ensure the health and safety of staff and customers,” ...
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Serve and Protect Credit Union release Social Impact Report for 2020

posted 18 days ago
  Serve and Protect CU works hard to ensure they are there for their members when they need them. By connecting with local Welfare Funds, delivering educational briefs to thousands of members and non-members, and by going above and beyond to understand the needs of their members, the credit union has managed to create a stable and supportive community in which its members and their families ...
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Stockport Credit Union Director wins prestigious Director of the Year Award

posted 18 days ago
Credit Union Director, James McMillan, was announced as the winner of the prestigious Non-Exec Director of the Year Award 2020 (North West & Isle of Man) by the I nstitute of Directors . The Awards has grown over the past 16 years to represent the pinnacle of leadership and business excellence highlighting the significant contribution business leaders can make to society and the economic ...
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30 years of credit unions in Bolton

posted 25 days ago
On July 19 1990, Johnson Fold Credit Union opened its doors to members, encouraging local residents to build up a shared savings pot and then use those savings as security for borrowing at affordable rates. The idea worked and soon the credit union expanded and encouraged other areas of Bolton to set up credit unions in their local communities.   Over the years the local credit unions amalgamated ...
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Credit Union Partnership Awarded Fairlife Mark for their Just Borrow Loans

posted 25 days ago
An innovative short-term loan product known as Just Borrow , delivered collectively by a partnership of credit unions as an alternative to high-cost payday loans has just been awarded the FairLife Mark . The FairLife Mark represents a new fair-trading initiative for the finance industry and recognises ethical savings and loan products that are priced and delivered fairly – thus helping ...
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WYCUP prepares to connect young professionals from across the globe

posted 25 days ago
The World Young Credit Union Professionals program is a platform for emerging credit union professionals worldwide to connect, share and live the credit union values of cooperation and people helping people. Next week (July 22-24) the program will be hosting virtual events that will connect young professionals from across the globe. The 2020 World Council Young Credit Union Professionals (WYCUP) ...
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