News items Community Blog

The next generation of credit union leaders will come together at next year’s ABCUL Annual Conference, in partnership with the World Council of Credit Unions and its Global Youth Summit. ABCUL members will be able to register for the unique, invaluable learning program that allows young credit union professionals to connect, share and live the credit union values of cooperation and people ...
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In its 20 th anniversary year, HEY Credit Union, serving over 15,000 members and junior savers across the Humber Region and beyond has recorded another year of positive development. Celebrating its anniversary year, which was marked with a Lord Mayoral visit to Central Office, the credit union reflected on the impact it’s made in the community over the last two decades, granting over 55,000 ...
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Clockwise Credit Union joins several organisations across Leicester, taking part in a new initiative 'Give Leicester', improving the lives of the city’s most vulnerable. People who want to help rough sleepers in the city can now support a local night shelter using new donation points across Leicester. Donations collected over the first six months of the scheme will go towards the One Roof Winter ...
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CMutual welcome CU Futures to Dublin The CU Futures class of 2020 travelled to Dublin earlier this week thanks to CMutual.They attended this year's Credit Union Leadership Conference in Dublin, which offers unique insights from the  Filene Research Institute, aimed at supporting credit unions to become smarter, better, stronger organisations. Head of Member Services at ABCUL, Rosanna Donovan ...
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Innovation in Affordable Credit: finalists announced Last week, Nesta Challenges announced the six partnerships between fintechs and community lenders that have secured £150,000 each in funding to develop innovative solutions that make credit more accessible and affordable. Run by Nesta Challenges in partnership with HM Treasury, the Affordable Credit Challenge is a £1.5m prize that encourages ...
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Police Credit Union breaks new lending record in October It has been a great start to the financial year for Police Credit Union, who have set a new lending record, issuing £2.54 million in October 2019. This represents an increase of 50.7% on the same month in the previous financial year in 2018. Jim Page, Lending Manager for Police Credit Union, said on the achievement “Today we reached ...
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Last week, at Barclays Eagle Lab in Manchester, ABCUL’s Young Professionals Network (YPN) hosted its second event, welcoming over 40 young credit union professionals from across Britain. Launched at the ABCUL Annual Conference back in March, the YPN’s mission is to provide a dynamic environment for young credit union professionals to connect, learn and live the sector’s cooperative values. ...
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In a year where Pennine Community Credit Union (PCCU) opened its new high street branch in Burnley town centre, Marketing & Business Development Officer, David Harris is pleased with a membership increase of 32% and 36% growth in loans. “The results are fantastic; it has been a team effort from all staff and Board members,” says David. Analysing this year’s success, David said: “We ...
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The Just Finance Foundation (JFF) has published a new report looking at the role of credit unions and how the movement can be supported to play a bigger role: ‘More than Just Credit? The experience of credit unions building financial resilience in communities.’ The report explores the experience of a small sample of credit unions and community finance initiatives who are providing fair and ...
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ABCUL has warmly welcomed the Bank of England’s announcement this week of a package of reforms to the credit union capital requirements which, if approved, will provide a more proportionate approach to the challenges of capital accumulation for growing credit unions. Based on proposals first put forward by ABCUL early in 2019, the Bank of England is proposing to move from the current approach ...
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To coincide with International Credit Union Day, Bradford District Credit Union (BDCU) has launched ‘Surviving Christmas’, at its ‘Build a Better World’ conference, last week. In partnership with Welfare Reform Impact Bradford (WRIB) and the Anti-Poverty Events Group, the conference welcomed over 120 faith, community, voluntary and statutory practitioners for an information and knowledge exchange ...
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Membership growth of 45% and a record in lending has seen Metro Moneywise Credit Union shortlisted for a local business of the year award. The Rochdale Business Awards were established in 2011 to celebrate the achievements of business and business people within Rochdale Borough.  Shortlisted in the category, ‘Business of the Year - Turnover £1m-£5m’, CEO of Metro Moneywise Credit Union, Ciara ...
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