The British Credit Union Historical Society

          Promoting Unity-Preserving the Past-Educating the Present-Enriching the Future

Capital Credit Union Ltd

 was formed in 1989 and now has a potential common bond of Over one million people currently providing services to over 10,000 people living or working in Edinburgh, the Lothians and the Borders. An example of partnership and support for credit unions came in March 2001 when the Scottish Parliament and the Scottish Executive both became sponsoring employers, allowing MSPs and all support staff to save and borrow with the credit union through their payroll. The CEO of Capital credit union is a member of the Executive's Scottish Credit Union Partnership (SCUP) and together with peers in the movement, works with the Executive in an advisory capacity to help develop initiatives that will not only help to sustain the movement, but grow it considerably in the next few years.



The credit union's new common bond, covering anyone who lives and works in Edinburgh, the Lothians and Scottish Borders was officially launched by Sir David Steel KBE at the festival theatre in Edinburgh on the 27 November 2002. five credit unions from within their new common bond agreed to transfer their memberships to Capital. The transferring credit unions were Dalkeith, Gorgie/Dalry, Galt, Persevere and most recently North Edinburgh. The credit union is also making moves to establish a branch network to service local communities and the first branch is expected to be up and running by late spring in the Musselburgh area of East Lothian. with support from East Lothian Council, who developed the technology to allow any member of Capital to use their membership card to pay into their credit union account through Council offices. The credit union began offering mortgages in 2004 to members as part of its commitment to be a full-service credit union. The first mortgages were through a partnership with one of the local authorities that wanted to support council tenants under the Governments “right to buy” home purchase scheme. 2006 Capital credit union was offering members banking services and a current account. Also in July 2006, the credit union received 10K from the assistance fund to assist with KAPITAL KIDS the junior savers scheme.

2010 the credit union was one of the first amongst UK credit unions to sign for TCS Financial Solutions for its Bancs core banking system. Bancs replaced the legacy Curtains system from domestic vendor Kesho Systems.

In February 2017 with more than 22,000 members the credit union opens for business in Prestonpans offering an alternative banking service for people in a bid to tackle the gap left by the Royal Bank of Scotland (RBS), which closed the last bank in the town last summer. Council leader Willie Innes with Marlene Shiels of Capital Credit Union welcomed the opening of the service in Prestonpans.

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Latest comments

18.08 | 14:55

I am very proud to be a part of the credit union and the ethos of people helping people.

Congratulations to No1 CopperPot.

14.07 | 04:57

A very inspiring and educational experience. It awaken my interest to serve the community.

01.07 | 13:06

As schools Development Worker for Unify Credit Union, I found the schools project resources very useful.... some really good ideas, Thank you x

23.11 | 16:41
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