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Global credit union movement celebrates International Credit Union Day

posted 21 hours ago
“The credit union sector is alive and strong, let’s continue to celebrate that,” says ABCUL CEO, Robert Kelly. Celebrated on the third Thursday of October since 1948, International Credit Union Day  is an opportunity to promote the credit union movement’s achievements  past and present and to recognise the hard work of members of credit union staff and volunteers spent in dedication to the ...
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Treasury launches pilot of new PrizeSaver account on International Credit Union Day

posted 21 hours ago
Credit union members could now win up to £5,000 a month with new credit union prize-based savings account. To mark International Credit Union Day, Government has launched its PrizeSaver pilot teaming up with 15 ABCUL credit unions across Britain, to help people increase their financial resilience while boosting awareness and membership of credit unions. The pilot will give account holders the ...
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Credit unions help celebrate the 10th anniversary of The Fairbanking Foundation

posted 21 hours ago
Credit unions, politicians and a number of financial organisations gathered in The House of Commons, this week, to celebrate the 10th anniversary of The Fairbanking Foundation. In its decade-long history, The Fairbanking Foundation has supported organisations to put customer financial well-being at the heart of their propositions. Credit unions have worked closely with The Fairbanking Foundation ...
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ABCUL’s Town Hall consultation events come to a close

posted 7 days ago
After seven regional events across England, Scotland & Wales, welcoming 267 credit union representatives, ABCUL’s Town Hall consultation events have come to an end this week in York. “It has been a fantastic experience visiting seven areas of Britain to shape our future strategy in a collective and collaborative way,” says ABCUL Chief Executive, Robert Kelly. Speaking back at ABCUL’s ...
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96% of workers would recommend payroll savings with a credit union, says new report from Money and Pensions Service

posted 7 days ago
Launched at the Scottish Parliament’s Cross-Party Group on credit unions, the Financial Inclusion Centre (FIC), in partnership with Money and Pensions Service (MaPS), has published a new report on credit union payroll saving: ‘Getting Workforces Saving’. The report gives evidence how effective payroll deduction schemes offered by a credit union can be at encouraging greater levels of savings ...
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South Manchester Credit Union continues a successful 2019 with a grand office opening

posted 7 days ago
Last week, South Manchester Credit Union welcomed over 70 guests to celebrate the expansion of its office on Fog Lane. “Our credit union is here to stay on Fog Lane in Burnage, South Manchester. It is a friendly, neighbourhood high street with plenty of passers-by and easy access for South Mancunians,” said Chief Executive, Sheenagh Young. In a special year for the credit union which has ...
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Collaboration is key for British and Georgian credit union sectors

posted 14 days ago
Nine credit union leaders from Georgia Credit Union Affiliates (GCUA) travelled to Britain as part of ABCUL's formal World Council International Partnership with GCUA which was launched in 2016.  “As always, it was a great pleasure to welcome our friends and colleagues from the credit union system in Georgia, USA to Oxford for our latest exchange visit,” says ABCUL Chief Executive, Robert Kelly. ...
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Members’ holiday plans rescued with help from The Co-op Credit Union

posted 14 days ago
The collapse of travel firm Thomas Cook has led to the cancellation of hundreds of thousands of holidays – with many customers trying to find the cash to pay for new bookings at short notice. In response, Co-op Credit Union is talking to members who have been affected and is helping with affordable loans for alternative travel plans. Co-op Credit Union member Mickala said: “I’ve spent 12 months ...
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Northumberland Community Bank member of staff wins Regional Apprentice of the Year award

posted 14 days ago
Northumberland Community Bank staff member, Julie Mills, has been named the winner of the Regional Apprentice of the Year award and will represent the North East at the Apprenticeships National Awards in London next month. Julie is employed by NCB and has been taking an apprenticeship in customer services with Northumberland County Council’s learning and skills service while working there. ...
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World Council Foundation opens Project Storm Break fund to help credit unions devastated by Hurricane Dorian

posted 22 days ago
The credit union sector is stepping in to provide support to members affected by Hurricane Dorian. To help member credit unions recover from the disaster, the Worldwide Foundation for Credit Unions is sending US$10,000 (£8,149) in Project Storm Break funds to support the Caribbean Confederation of Credit Unions (CCCU). The foundation, a charitable fundraising arm of World Council of Credit ...
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Gateway Credit Union reach £3million saving milestone

posted 22 days ago
Gateway Credit Union is celebrating a major milestone as its members’ savings accounts have reached £3 million for the first time. The landmark moment came after 22 years of offering ethical savings and affordable loans across Torfaen and Monmouthshire. General Manager Sara Burch explained: “This is an important moment in the history of our community-run savings and loans co-operative because ...
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Penny Post Customer Services Officer shortlisted for Regional Award

posted 22 days ago
Jas Kaur of Penny Post Credit Union and CU Futures graduate has been shortlisted as one of the finalists in the Young Person or Apprentice of the Year category at the 2019 Black Country Chamber of Commerce Awards. Jas started with Penny Post on a formal apprentice scheme in February 2017.  After passing the course, Jas joined the team as a full time Customer Services Officer and interacts ...
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