News items Community Blog

July 2022 marks the return of the World Council of Credit Unions (WOCCU) World Credit Union Conference in Glasgow, which will be co-hosted by ABCUL. To celebrate that next month, ABCUL’s North-East, Yorkshire and Humber will continue its series of five webinars with international speakers in the lead up to World Council’s flagship event.   The second webinar taking place on Monday 4 October ...
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Serve and Protect CU has delivered a record-breaking amount of affordable credit to its members in the 2020/21 financial year.   For the first time within a financial year, Serve and Protect CU have provided over £30 million in loans to its members. This record-breaking figure is a significant improvement from the previous financial year, which was also a record-setting year for the credit ...
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A £500 new education grant to help young people continue in further education has been awarded to Just Credit Union member, Mim Maclean. The award has been launched as part of Just Credit Union’s 20th-anniversary celebrations and will become an annual grant. The award is in memory of Roger Walker who was a founder member, long-time chair and board member who remained involved with Just Credit Union ...
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Welsh Social Justice Minister, Jane Hutt is urging employers across Wales to work with its local credit union to improve their employee’s financial resilience. "The continued development of a strong credit union movement will provide access to fair, responsible and affordable credit across Wales,” says Jane Hutt, Minister for Social Justice. This follows the announcement from Credit Unions of Wales, ...
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During summer 2021, ABCUL collected data on the gender and age make-up of the British credit union’s memberships, CEOs and boards of directors. The survey received responses from 44 credit unions, representing over 260,000 members collectively. 40 of the responding credit unions gave the gender of their CEO or equivalent (most senior staff member/volunteer), of which 60% were female and 40% male. ...
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The Board, staff and members of ABCUL are deeply saddened to hear of the passing of Ralph Swoboda. An Attorney by training, Ralph had 47 years experience in the USA and international credit union sector, having served as President/CEO of Credit Union National Association (the primary US credit union trade body), as Chairman of the Management Committee of the Association of British Credit Unions Ltd ...
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Announced this week, Fair4All Finance has partnered with Toynbee Hall and Fair By Design to deliver a No Interest Loan Scheme (NILS) pilot, the first of its scale across the UK, with £3.8m in funding from HM Treasury and up to £1m of lending capital from each devolved administration, matched in England by Fair4All Finance. The loans will provide a vital financial cushion for people unable to access ...
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Thousands of people across the Highlands and Islands of Scotland are being helped by the HI-Scot Credit union based in James Street, Stornoway.  Since 2006, HI-Scot Credit Union members have saved over £21 million and borrowed in excess of £11 million. From small beginnings in 2006, HI-Scot Credit Union has grown from the Western Isles to cover the whole of the Highlands, Orkney and Shetland. Now, ...
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Now operating for 32 years, CEO of Norwich Credit Union (NCU), Jon Warne hails the volunteers who have been critical to the success of NCU.  Established in 1989, Jon believes the credit union’s greatest strength is the cooperative ethos of its volunteer system, “We are trying to run NCU for the best of intentions. I believe co-operation is better than competition”. However, with NCU being run by ...
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London Mutual Credit Union (LMCU) have introduced its newest feature to enhance digital services. Following feedback from members, that they’d like more up-to-date information about the status of their loan application, LMCU has introduced its real-time loan tracker service. Members are able to know when their loan is likely to be ready, what stage it is at, and prevents delays by letting them aware ...
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Smart Money Cymru was called on by the World Council of Credit Unions (WOCCU) to share its successful strategies in coping with the Covid-19 pandemic, which helped Smart Money to support its members. Smart Money Cymru CEO, Mark White explained the organisation’s approach in a webinar to dozens of WOCCU members in countries across the world. “I am delighted that we were invited to take part in this ...
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UK-based Co-op News reached an important milestone this week, as it celebrates its 150 th anniversary. First published in Manchester in 1871 as The Co-operative News, the publication is the world's oldest co-operatively owned newspaper. Its long history can be traced back to 10 June 1871, when a meeting of society representatives and individual co-operators resolved that a Co-operative Newspaper ...
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