News items Community Blog

Serve and Protect Credit Union alongside Credit Kudos were announced in the budget as winners of Nesta Challenges’ Affordable Credit Union, for its reward loan solution which aims to use open banking to help even more borrowers access responsible credit. The Affordable Credit Challenge, run by Nesta Challenges in partnership with HM Treasury, encourages fintech’s to partner with community lenders ...
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Penny Post Credit Union celebrated another successful year and rewarded members with a competitive 2.15% interim dividend, more than 5 times the national average for comparable easy access saving accounts.  In addition, members with Plus Accounts received 2.65% and those with Christmas Accounts, 3.15%. In line with Government advice, the Board took the decision to postpone the Penny Post Annual ...
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Northumberland Community Bank is celebrating record numbers after a period of significant growth for the credit union . It has grown significantly since its launch and, through the merger with the Credit Union for South East Northumberland in 2017, it now covers the whole county of Northumberland and has more than 2,250 active members. More new members than ever joined in the last 12 months ...
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This week, UK Finance published its statement reiterating the support banks, building societies and credit unions are providing people in the UK as the country copes with the impact of the COVID-19 crisis. In its statement, UK Finance said: “With the impact of coronavirus being felt across the country, the aim of every bank, building society and credit union is to ensure your peace of mind ...
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Credit unions open for business and serving their communities Following the announcement this week by Government that credit union staff are considered “key workers”, credit unions across the country have been working to provide the usual valued service to communities. This week, Pennine Community Credit Union (PCCU) understands its service is more important than ever , especially for those ...
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Fintech organisation,   incuto  has announced its new payroll partnership with Bradford District Credit Union. The partnership will see incuto join a growing number of businesses and organisations which have signed up to help their employees become members and save money, as well as gain access to other ethical products and services from their local credit union. As a payroll partner, incuto ...
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ABCUL response to latest Government advice on COVID-19 situation In light of the latest Government advice around tackling the spread of the coronavirus (COVID-19) the decision was taken to close the ABCUL office from close of business on Tuesday 17 th  March 2020 and move to a remote working solution/remote member service delivery until at least Friday 3 rd  April 2020.  Commenting on the ...
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Key reforms for credit union sector announced Last week, the Chancellor of the Exchequer announced in the UK Budget that Government will bring forward legislation which will enable credit unions to provide a wider range of affordable services to members than ever before including hire purchase and conditional sale agreements and insurance intermediation.  “The Association and credit unions ...
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At last weekend’s ABCUL annual conference, CEO of ABCUL, Robert Kelly officially launched a shared vision of the credit union sector for the next five years. This special session launched the outcome of ABCUL’s consultation, with a new vision and strategy document which forms the basis for the sector and ABCUL’s shared future and its lobbying priorities and service development agenda to support ...
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The ABCUL Annual Conference and AGM is the largest event in the British credit union calendar. It provides the opportunity for credit union board members, staff and volunteers to hear from a wide range of speakers, to discuss the issues that are important to them and network with others from the movement. ABCUL members will hear from Chief Executive, Robert Kelly will launch the outcome of ...
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Pennine Community Credit Union backed up an 'excellent' financial year with two charitable donations at its AGM. Account holders gathered at Turf Moor where they witnessed two donations of £500 being made to Fiona and Dave King, representatives for BK’s Heroes, and David Thomas, representative from League of Voluntary Workers for the Burnley Hospitals. BK’s Heroes, set up in memory of Mr ...
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  Following a member survey, Riverside Credit Union has opened a new branch to help its members have easier access to services in its community. A survey to members concluded that a new branch was required, Riverside Credit Union opened a new branch, last month with the help of Lord Mayor of Liverpool Cllr Anna Rothery, & MP for Garston & Halewood Maria Eagle. The credit union’s ...
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