Serve and Protect Credit Union Completes Merger with National Fire Savers Credit Union

Thursday 24 October 2024

This month, Serve and Protect Credit Union was thrilled to announce its successful merger with National Fire Savers Credit Union. The merger marks a significant milestone for both credit unions.

Since its journey began in 1998, National Fire Savers (NFS)  credit union has attracted a community of over 3,000 members, with more than £7 million in savings and over £3 million out on loan. However, to build on those successes and to attract a broader membership base — NFS recognised the need for strategic alignment with a larger credit union.

By merging with Serve and Protect Credit Union, NFS members will benefit from improved services, increased stability, and the robust infrastructure needed to meet future demands. Serve and Protect will continue to provide exceptional service to firefighters and fire and rescue service staff while expanding its reach to a total membership which is on the verge of reaching 50,000 members.

On the merger, Paul Norgrove, CEO of Serve and Protect Credit Union, commented “We are excited to welcome the members of National Fire Savers Credit Union into the Serve and Protect family. This merger aligns with our mission to provide ethical and fair financial services to those who serve and protect our communities. Together, we can achieve greater growth, stability, and service excellence.”

Prior to the merger, Serve and Protect proudly reached a remarkable milestone in September, becoming one of the few British credit unions with £100 million in total assets. With the additional £9 million in assets from National Fire Savers, this merger not only strengthens Serve and Protect’s standing as a leading employer-based credit union in Britain but also upholds National Fire Savers’ legacy as the largest credit union available for fire service employees.

Looking ahead, Serve and Protect is excited to continue building on the proud legacy of National Fire Savers. With a commitment to supporting those who serve and protect communities, the credit union is aiming to expand our reach to the fire family by collaborating with more fire and rescue services.

Paul Norgrove, added, “Everyone at the credit union is extremely proud to be the chosen merger partner and we are excited to be welcoming National Fire Savers Credit Union members into the Serve and Protect Credit Union family. Looking ahead, we are excited to provide our products and services while fostering partnerships with even more fire & rescue services to improve financial resilience. Together, we can create a credit union that is dedicated to the heroes who serve us every day.”