Moneywise Helping its Community Since 1991

Tuesday 23 January 2024

Moneywise Credit Union, the largest credit union in the Northeast of England, is celebrating its 30th year in 2021 with new outreach initiatives and events in its network of branches.

From beginnings in 1991, Moneywise grew from the Newcastle City Council Credit Union. Originally only permanent employees of the City Council were eligible to join, but today Moneywise offer savings accounts, affordable ethical loans and payroll savings schemes to over 11,000 members from as far afield as Northumberland to the Redcar & Cleveland area, and partner with nearly 50 local and regional employers.

As an extension of this and as part of its 30th-year celebrations, it is launching a new “financial health” initiative; driven by its community partnership team, each branch will be working with community, faith and voluntary organisations to promote financial education and improve the financial health of the North-East. As well as the financial health project, Moneywise is promoting savings through offering incentives and opportunities to win shopping vouchers, including a draw for all new members who join between July and September.

Phil Goad, Chairperson of Moneywise, said: “We’re extremely proud of our beginnings from an employee credit union to being able to expand out to offer valuable credit union services to the Newcastle and Teesside communities and beyond. We can see in the last ten years alone; the growth has been tremendous and there are many more members of our communities to reach yet. We are excited for what the next 30 years will bring.”

To celebrate its 30th Year all new members who join between July and September will be entered into a draw to win one of ten £30 shopping vouchers.