News items Community Blog

Two credit unions in the Welsh Valleys have merged to create an enhanced financial platform for their local members. Smart Money Cymru which has branches in Caerphilly and Tredegar, has joined forces with Islwyn Credit Union (ICU) in Blackwood in a move to strengthen the not-for-profit credit union movement n the area and help members navigate these difficult financial times. Islwyn Credit ...
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Bradford District Credit Union (BDCU) is working with its local Anti-Poverty Events Group to help people financially during the COVID-19 health crisis. Following a story published by Bradford Council about one of its workers, Michelle Taylor who talks  about her experiences with money worries as a single mum To highlight where people can get help during the pandemic as Michelle is a saving ...
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Like many lenders, the Pentecostal Credit Union (PCU) has members who are adversely impacted by Covid 19 and understand what this means for their lives.  This is why the credit union has developed an approach to not only ease the financial responsibilities that members have, but also to support them through these challenges. The credit union has developed a resource page on its website dedicated ...
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ABCUL’S Young Professional Network hosts its YP Week This week ABCUL’s Young Professionals Network has participated in a week-long series of webinars, podcasts and social events as part of its summer event ‘YP Week’. Over the course of five days, the YPN Committee hosted an event on each day of the week with expert speakers covering a range of topics such as Digital Marketing, Managing ...
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The Co-op Credit Union is marking Co-operatives Fortnight and its ongoing commitment to supporting Coop colleagues during the Covid 19 crisis by launching a new Family Loan product.  The Family Loan offers those with children the opportunity to access a revolving credit account of £1,000 at competitive rates of interest using Child Benefit to make repayments. The Family Loan product is accessed ...
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Fintech for social good incuto today announces two credit unions using its new faster payment technology, provided by ClearBank, have made their first successful transactions. Hoot Credit Union and Lanarkshire Credit Union can now offer access to payments in real time, enhancing their service to members and supporting better financial education through instant and accurate account information. ...
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Next week, ABCUL’s Young Professionals Network is hosting a week-long series of webinars, podcasts and social events as part of its summer event ‘YP Week’. A priority of ABCUL is to support a Young Professionals Network (YPN) that has been operating since last year and has successfully held three face to face events for members focusing on the unique role of younger professionals in shaping ...
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Founded in 1990 by a small group of like minded activists, who wished to provide a positive alternative to high interest loan companies and loan sharks, Dumbarton Credit Union has been providing essential financial services to its local community for 30 years. As a combination of membership growth and changes in government legislation led to an expansion of its operations, Dumbarton Credit Union ...
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Now in their fifth year, the Consumer Credit Awards, by Smart Money People, together with headline sponsor Lantern, have returned to help find the UK’s best credit firms and their partners. In these uncertain times, supportive and responsible financial firms are in high demand, be it household names, newcomers or niche providers, which is being recognised as a customer champion in 2020 will ...
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ABCUL has welcomed the decision by CreditFix to drop a £84.12 fee across its entire IVA portfolio – an action would have provided the company with up to £7million in additional income. Despite temporary measures being put in place to ensure that anyone in an IVA could access a three month payment holiday and reduce payments when needed, CreditFix announced plans to subject each of its 86,000 ...
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This year, Drumchapel Credit Union is celebrating the significant milestone of 50 years of service. The credit union has over  3000 members was formed in 1970 and is known as the first credit union in Scotland. It inspired many others throughout not only Glasgow, but the whole of Scotland to set up credit unions within their communities.  Unfortunately for the credit union and its members, ...
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The annual  Co-op Economy report  reveals that co-ops have almost double the chance of surviving the first five years when compared to other start-up businesses. Compiled by sector body Co-operatives UK, the report shows that 76 per cent of co-ops (up from 72 per cent in 2019), are still operating after the difficult first five years of existence. Just 42 per cent of all new companies make it ...
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