Celebrating 40 years of the Pentecostal Credit Union

Monday 15 January 2024

Celebrating 40 years of the Pentecostal Credit Union

Since it was founded by Rev Carmel Jones back in 1980, the Pentecostal Credit Union (PCU) has been providing much needed financial services to the Pentecostal Church community, and is now about to celebrate its 40th Anniversary.

The Pentecostal Credit Union with an asset base of £11m, is also an enduring legacy of the Windrush Generation and the UK Black Church.

2020 is a landmark year for the PCU, and its CEO, Shane Bowes, will be spearheading celebrations for its 40th Anniversary. Shane said: “The PCU is proud of its many achievements over the past 40 years. We have come a long way since Rev Carmel Jones launched the PCU in 1980, opening the first account with just a pound.”

Since Shane Bowes took over the PCU in 2015, it has extended its reach and impact within its target audience, the Black Pentecostal community. It runs numerous initiatives to empower its membership and the wider community and to increase financial awareness. These include free financial capability workshops for Pentecostal churches and church groups throughout the UK; a leadership and personal development programme for members of their Youth Shadow Board, and a business development course for member business start-ups and entrepreneurs, who want to take their business to the next level.

The PCU’s 40th Anniversary celebrations are taking place at an opportune time. Shane shared: “The PCU has a lot to celebrate. It will give the public the opportunity to hear how the PCU has contributed to the development of the Black community over the years; get insight into our plans for the future, and simply enjoy and applaud an organisation that can be considered a Black business success story.”

Source – Keep the faith