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With International Credit Union Day approaching, the World Council of Credit Union (WOCCU) has announced this year’s theme: Local Service. Global Reach. “Each credit union serves a local community and it is because of that local service in communities across the world that we have a global credit union movement,” said WOCCU President and CEO Brian Branch. Celebrated on the third Thursday ...
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Over 500 families in Bradford are surviving summer thanks to Bradford District Credit Union’s roadshow events.  Bradford District Credit Union has been touring the district through the summer holidays with help and advice for families to cut the cost of summer holidays. Families were able to learn about low-cost activities through the summer, and children took part in music workshops during ...
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Penny Post Credit Union has reached a major membership milestone in the credit union’s history. The credit union for Royal Mail Group employees has surpassed the landmark figure of 10,000 members.  Staff at Penny Post are also celebrating receiving a 5-star Fairbanking Mark from the Fairbanking Foundation. Chief Executive at Penny Post, Matt Goulding says: “These are two great achievements ...
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All staff, directors and audit & risk independent members were invited to participate in Commsave Credit Union’s, fifth annual business planning & teamwork weekend. Welcoming all participants to the weekend, Chairman Kundai Kafamba reminded staff and directors of the strategy, mission and values of Commsave. The weekend is a valuable opportunity for Commsave staff to put forward their ...
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Last week, a British credit union contingent participated in a week-long study symposium in Bucharest, Romania. 19 credit union professionals from England and Scotland, comprising staff and board directors, ABCUL and Liverpool John Moore University completed the third and final in a series of three symposia. “Learning from our international colleague has been so valuable for the British credit ...
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Earlier in the year, two ABCUL members won complimentary passes to attend this year’s World Credit Union Conference, in the Bahamas. Helen Wilman from Stockport Credit Union and Pauline Smaje from Enterprise Credit Union made the journey last week and took advantage of the invaluable opportunities the conference offers. Pauline Smaje from Enterprise Credit Union said engaging with credit union ...
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Wednesday 31 July saw the Bank of England publish its annual credit union statistical report based on annual return data for the credit union financial year ending 30 September 2018.  Despite the time lag in the data’s publication, it provides a unique insight into the position of the British credit union sector. Since 2012, the Bank of England’s Prudential Regulation Authority, and before ...
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More than 2100 credit union professionals attended the largest gathering of credit unions from across the globe, for a spectacular four-day annual conference, in The Bahamas. The World Credit Union Conference (WCUC) featured 29 keynote presentations and breakout sessions from more than 50 speakers. The World Council of Credit Unions (WOCCU) set outs its vision for the next decade, which involves ...
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Following a busy summer period, the employee-based credit union, Metro Moneywise, has approved a total of £390,000 worth of loans in July alone, making it the credit union’s best ever month for lending. Chief Executive of Metro Moneywise, Ciara Davies thanked the credit union’s staff for providing such a valued service.  Ciara said: “This milestone represents the excellent service our team provides ...
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Monday 22 July saw the Financial Conduct Authority publish a report on Alternatives to High-Cost Credit as part of its ongoing Review of High-Cost Credit regulation which has already seen the confirmation of the payday lending cap and new remedies for reducing consumer detriment in the Rent to Own market. In relation to credit unions, this week’s report recommends that HM Treasury should consider ...
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  Continued financial growth, the launch of its first MasterCard Debit Card and award wins for its community work were among the highlights at Pentecostal Credit Union’s recent Annual General Meeting. Members of Pentecostal Credit Union, (PCU) heard good news about the credit union’s progress over the financial year. Chief Executive of PCU, Shane Bowes and his team reported to members ...
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Police Credit Union is celebrating reaching 30,000 members – improving financial resilience throughout the Police, Military and Prison Service. This is a significant milestone for a credit union which was founded in 2003, as a result of a merger between various regional Police Force credit unions. Today, Police Credit Union offers a range of flexible savings and affordable loans for employees ...
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