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 we 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, we moved premises to where we are currently located; 139 Walter Road. Our current premises are very much improved from the Calvert Terrace office.
Over the years we have been able to employ people to operate the day to day running of the Credit Union, however our Board of Directors remains volunteer led, and we still rely on volunteers in the office and in the community to help run the Credit Union.
As of March 2013 we have four paid employees and over thirty volunteers.
In April 2014 we are launching 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.
We are also looking to offer Cash ISAs for the 2015/16 financial year.
In February 2016 the members agreed to change its name to "My Community Bank Wales"
A schools project