Loans and Savings Abertawe (LASA) Credit Union Ltd was originally founded as ‘The Hill Community Credit Union’ in 1992. The Credit Union’s common bond covered the Townhill area of Swansea, and through the dedicated work of volunteers
(some of which are still part of the Credit Union today) it provided loans and savings accounts to the people of Townhill. In 2002 the Credit Union expanded to cover all of Swansea, and became LASA (pronounced laser) Loans and Savings Abertawe.
The Credit Union was located in Cradock Street, Swansea until they moved offices in 2008 to Calvert Terrace. Although the Calvert Terrace office was in no way perfect, it was necessary to move to the premises as a cost-cutting measure, and prolong the future
of the Credit Union. With the Credit Union in a positive position, in early February 2012, they moved premises to location; 139 Walter Road. These premises were very much improved from the Calvert Terrace office. Over the years they have been able to employ
people to operate the day to day running of the Credit Union, however the Board of Directors remains volunteer led, and still rely on volunteers in the office and in the community to help run the Credit Union. Clase community school wanted to introduce a saving
scheme for pupils to help in numerical skills and the importance of saving. Some of the pupils were trained as junior bankers and awarded a certificate in junior banking. As of March 2013, they had four paid employees and over thirty volunteers. In April 2014
they launched the online account access for members who can check their balances at their convenience, request a withdrawal from their savings, or apply for a loan through the ‘Members Area’ of the website. The credit union also looked in to offering
Cash ISAs for the 2015/16 financial year. In February 2016 the members agreed to change its name to "My Community Bank Wales" and become a branch of a credit union originally called Brent Shrine Credit Union, which was first formed in 1979 to serve people
living or working in the London Borough of Brent. Now an online Credit Union serving communities across the UK. My Community Bank is one of the three credit unions which form the My Community Bank network covering England, Scotland and Wales.
Lasa Credit Union Trading as My Community Bank is no Longer trading as from November 2018
Their schools project