Smart Money Cymru was originally formed in October 1989 as Penyrheol and Trecenydd Credit Union and in 2000 the common bond area was extended to cover the Caerphilly
The first office was opened in Clive Street Caerphilly in 2001 with a paid member of staff, then in 2002 the extension of the common bond included the whole of the Rhymney Valley.
October 2006 saw the Credit
Union employ its fifth member of staff and extend its common bond to cover the whole of the Caerphilly County Borough.
Smart Money Credit Union Ltd was formed in July 2008 following a merger between Caerphilly & District and Blaenau
Gwent (Save-it) Credit Unions and a further member of staff employed.