Larger Credit Unions Convene in Blackpool for Advisory Committee Meeting

Thursday 27 February 2025

This week, credit unions from across England, Scotland, and Wales gathered in Blackpool for ABCUL’s Larger Credit Union Advisory Committee (LCUAC) meeting. The committee, made up of ABCUL’s largest credit union members by assets, provides a dedicated forum where industry leaders share best practices, exchange insights, and collaborate to drive the sector forward in true cooperative spirit.

Reflecting on the success of the event, Debbie Smith-Hands, ABCUL’s Head of Member Engagement, expressed her enthusiasm for the continued engagement of larger credit unions within the movement.

“It was fantastic to see so many of our largest credit unions come together in Blackpool to collaborate and share their experiences. Events like these are critical in ensuring that credit unions not only thrive individually but also strengthen the movement as a whole.”

Hosted by First Rate Credit Union, the event featured a range of engaging discussions and key updates from industry experts. ABCUL CEO Robert Kelly addressed attendees, providing an update on recruitment efforts and reflecting on the LCUAC’s impact and the broader credit union sector as he prepares to step down from his role later this week.

ABCUL’s Head of Advocacy and Regulatory Affairs, Natalie McQuade, led a session on common bond reform, providing credit unions with an overview of HM Treasury’s consultation. The session allowed members to voice their perspectives and contribute to shaping ABCUL’s response on their behalf. Additional regulatory updates and discussions on ongoing engagement with financial regulators were also covered.

Penny Ford and Dr. Mahmood Mawjee from Brilliant Beyond Belief delivered an insightful session on professional and organisational development, emphasizing the importance of nurturing people while maintaining the credit union culture. Their expertise in business performance and transformational leadership offered attendees valuable strategies for sustaining growth in an evolving financial landscape. Both speakers will also be presenting at next month’s ABCUL Annual Conference, which remains open for bookings.

The insights shared, particularly around common bond reform and leadership development, will undoubtedly contribute to future growth,” Debbie added. “The energy in the room and the willingness to engage was truly inspiring.”

With larger credit unions playing a pivotal role in the sector’s success, the LCUAC remains a key forum for progress, ensuring that credit unions continue to evolve, support their members, and contribute positively to financial inclusion across the Country.