News items Community Blog

Following a couple of years of discussions between the two organisations, Credit Union for Brent and Ealing (CUBE) and  Hillingdon Credit Union  have finally completed a merger.   Welcoming over 800 members with savings of £1m, President of Hillingdon Credit Union, Neil Jones said: “This merger provides us the opportunity to continue to grow and offer enhanced product features to more residents ...
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Last week on International Credit Union Day,  Clockwise Credit Union  published its  Social Return On Investment  (SROI) evaluation to identify the true value of the Credit Union’s services.   The evaluation found that Clockwise delivers social outcomes more than £10m. In other words, for every £1 invested, at least £9 as much value was created for members that experience financial ...
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NHS Credit Union  have become the first credit union to be awarded the  Fairbanking Foundation’s  3-Star Fairbanking Mark for its “Regular Savings Account”.  The Fairbanking Mark is awarded by the Fairbanking Foundation following a rigorous assessment which includes independent research involving the customers or members of a financial services provider. To receive the Fairbanking Mark, this ...
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  This week, the  World Council’s Young Credit Union Professionals (WYCUP) program  celebrated its 20th anniversary with a global, virtual celebration.    WYCUP began as an international scholarship program to raise the voice of young leaders across the credit union sector. Over the years it has expanded engagement and professional development globally. Today it represents a global ...
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Set up to collect and preserve the memories of people involved in setting up and running credit unions before 2000, the Credit Union Foundation’s Save and Sound oral history project launched online on Thursday 15th October, International Credit Union Day.  Speakers at the online event included, Lord Kennedy of Southwark, Chair of the Credit Union Foundation Trustee Board, Dr Paul A. Jones, ...
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Today, t he global credit union movement is celebrating International Credit Union Day with the theme of ‘Inspiring Hope  for  a Global Community’.    Since  1948,  the  annual event  has been raising  global awareness  of  the credit union movement through outreach, volunteering, fundraising and other  themed activities.    Commenting on this year’s theme, ABCUL CEO, Robert ...
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Karen Bennett, CEO of Enterprise Credit Union and President of the Association has received a distinguished CBE in the Queen’s Birthday Honours list for her services to the Credit Union Sector and Financial Inclusion. Speaking earlier, Karen said: “I am honoured to receive this award and delighted it’s been announced this week which also includes International Credit Union Day – the global celebration ...
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Metro Moneywise Credit Union is celebrating its 30th anniversary this month in Rochdale, the home of the co-operative movement. The Credit Union was established in 1990 by a pioneering group of Rochdale Council employees who wanted to give their colleagues access to a safe savings scheme and low-cost loans directly from their salary. Inspired by the rich co-operative history of the town they ...
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London Mutual Credit Union has been featured in a new toolkit on tackling gambling-related financial harms produced by gambling support charity, GamCare . The toolkit is designed to help businesses support customers who may be affected by financial harms due to gambling. Over the past year, London Mutual has been working to improve the support for members identified as being at risk of ...
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The global credit union movement added over 17 million members in 2019 to reach a new membership high of more than 291 million in 118 countries, according to World Council of Credit Unions’ 2019 Statistical Report. That surge contributed to a worldwide credit union membership growth of more than 107 million over the past decade (2010-19)—an increase of 59%. The rise was fuelled primarily by ...
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  It is with a mixture of disappointment and excitement that the Association has announced the ABCUL Annual Conference 2021 will not be a face-to-face event and will move to online delivery. “Given the ongoing uncertainty around what will be possible in the early part of next year, we felt it was right to make the call now so that we can focus all of our efforts into putting together the best ...
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Last week, The Fairbanking Foundation were delighted to announce that Clockwise Credit Union has maintained its 5-star Fairbanking Mark for loan products. Chief Executive of The Fairbanking Foundation, David Coe said: “Their work, along with several financial institutions holding a Fairbanking Mark, continues to promote good financial well-being in customers, along with financially inclusive ...
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