The Benefits of Credit Unions – A Guest Blog by Karen Bennett

Friday 26 January 2024

This week, Enterprise Credit Union’s CEO, Karen Bennett CBE published a guest blog raising awareness of the credit union sector on the popular Becky Goddard-Hill’s, Family Budgeting online blog.

Karen provides an insightful view into her passion for the credit union movement and the purpose and value the movement provides for its members.

“Lots of people love credit unions because they are not-for-profit and member-owned, which means they put the needs of their members first and are dedicated to helping people in your community,” says Karen.

“You don’t often hear people say that they love their bank, do you? But I do simply love credit unions and am an advocate for more and more people joining them. I’ve been involved with credit unions since 1994 and have seen how they strengthen the financial resilience of individuals, I started out volunteering at my local community credit union in Liverpool before joining Enterprise Credit Union in 1998.

“I like their simplicity and the social purpose. People save together and from those pooled savings they lend to each other all year round. It might be for that emergency or the dream holiday you keep promising yourself. With over 1.4 million people using credit unions in the UK, they’re helping people navigate the difficult times, and helping them plan for the future too.”

You can read all of Karen’s blog on the Family Budgeting website.