The Scottish League of Credit Unions is currently shifting towards a federated network structure similar to that of the Desjardins Movement in Canada. At the moment it has initiated a ‘linked account’ with Unity Bank whereby interest is
paid on the aggregate amount of the funds of all participating credit unions rather than that based on individual credit unions. At various stages of development are the introductions of pre-paid debit cards, which will provide members with access to ATMs
and permit Internet based purchasing and in-store electronic payments. Standardized computer software. Paid professional staff can administer a central server arrangement that will allow the development of a common back office that the development of hubs
whereby several credit unions can work more closely together sharing resources and permitting some economies of scale. In 2015 now serving 7% of the population, Scotland’s credit unions rank fourth in Europe behind only the Republic of Ireland, Northern
Ireland and Poland in terms of market penetration. In the city of Glasgow, around a quarter of the population save with a credit union.
2015 In Scotland, just over 100 credit unions serve 375,000 people – including 52,000 junior savers –
who are saving £454 million and borrowing £276 million. Serving 7% of the population, Scotland has the fourth highest level of credit union membership in Europe, after only the Republic of Ireland, Northern Ireland and Poland.