News items Community Blog

The Association is delighted to welcome back, Cardiff and Vale Credit Union (CVCU) to its membership in the Cymru Forum. Based in Cardiff, the credit union has been operating for over 26 years and has over 10,000 members, with over £7.9m in savings and assets of over £9.5m. CVCU were the first Wales-based financial services provider to be awarded 5-star accreditation with the Fairbanking Foundation ...
0 comments
Research published by money.co.uk states one in four 25 to 34-year-olds are relying on a credit card to pay their bills, while 18 to 24-year-olds are repaying an average £1,088 on their credit cards each month, 65% more than the UK average. Journalist, Iona Bain asks why credit unions are underused for young people in financial difficulties and how the sector can help. Speaking to Metro, ABCUL ...
0 comments
For the second year running, Serve and Protect CU are awarded the prestigious Feefo Platinum Trusted Service Award. The Feefo Platinum Trusted Service Award is an independent seal of excellence which recognises businesses that consistently deliver a world-class customer experience. The awards are unique because they truly reflect a business’s dedication to providing outstanding customer service ...
0 comments
Last week, Welsh Government Ministers visited credit unions across Wales, as they announced continued funding of just over £422,000 a year for the sector. First Minister, Mark Drakeford said credit unions help efforts to promote social justice and tackle poverty. A release from the devolved administration said credit unions are “actively involved in communities throughout Wales and contribute to ...
0 comments
Christmas put extra pressure across communities in the country, but thousands of people who are members of their local credit union, were supported to spread the cost of increasing pressures on household finances and the expensive festive period. Elle Forrester, a 25-year-old social work student, and her partner, Sean, a self-employed roofer, are one such family. The couple had a baby last year, ...
0 comments
CroydonPlus Credit Union has won a national award in recognition of its efforts to raise awareness of the dangers of using loan sharks. CroydonPlus has been recognised by the England Illegal Money Lending Team (IMLT) for their initiatives tackling loan sharks in the county and making communities safer. The IMLT investigates and prosecutes illegal money lenders while supporting those who have borrowed ...
0 comments
Liverpool City Council is urging residents not to turn to loan sharks to cover the rising cost-of-living and pressures on household finances, and instead look at alternatives such as credit unions. Figures from the England Illegal Money Lending Team shows that nearly one in ten people turned to loan sharks to cover the costs of Christmas. More than half of victims turned to illegal money lenders ...
0 comments

Loans Milestone for CLEVR Money

Since its formation in 2009, Lancashire-based credit union, CLEVR Money have issued over 23,000 loans totalling to £20 million to help its residents avoid ‘bad debt’ and loan sharks. Anthony Brookes, Loans Manager at CLEVR Money said reaching the £20m milestone in 2022 was an important moment for the credit union as he urges people to get in touch if they are struggling financially. Antony said: ...
0 comments
Pentecostal Credit Union (PCU) is keeping cash in the community and helping businesses thrive, according to its member base. Mark McIver, owner of barbershop business, ‘Slider Cuts’, says the backing he received from PCU was crucial to helping his business get off the ground. “When I started my business, I was struggling to find funding and get loans from places because they felt I had maxed out ...
0 comments
World Council of Credit Unions has secured four world-renowned speakers for the 2023 World Credit Union Conference —the premier global event for credit unions—to be held 23–26 July, in Vancouver, Canada. Credit union executives from 60 countries are expected to attend the conference, which will focus on sustainability, digital technologies and the future of financial services. The keynote speakers ...
0 comments
A mother has issued a warning to families about getting into debt because of the pressures of Christmas. Kirsty, from Bradford, lost her home after mounting debts from a previous relationship. Kirsty turned to Bradford District Credit Union to help her save especially for Christmas, after previously struggling to feed her family. "To come to the credit union means you can still do that [provide for ...
0 comments
The World Council of Credit Unions (WOCCU) and co-hosted by ABCUL, held its annual conference in Glasgow in July, which spawned a new collaboration between the Swoboda Research Centre, the Caribbean Confederation of Credit Unions (CCCU). The CCCU, based in St Kitts and Nevis, serves 22 national affiliate organisations, representing 230 credit unions throughout the Caribbean. At the conference, ...
0 comments