British Credit Union Historical Society

Salford Credit Union Ltd

First was registered in September 1988 as a local credit union called Mandley Park Savings and Credit Union Limited. River Valley Credit Union began in January 2000 and after 12 years the two credit unions after a lot of discussion and to better serve the community merged to become Salford Credit Union. The registration was completed on the 6th of July 2012. The Credit Union serves everyone who lives or works in Salford and have recently extended their common bond to include anyone who is a member or either Unite the Union, or Unison and lives or works in the North West. The credit union has successfully piloted a scheme for junior members and their parents in Moorfield School in Irlam. The school runs its own collection point twice a week. A Child Benefit Loan Has also been delivered whereby members were able to apply for a loan of £300 upon joining, payable by deduction of Child Benefit at £9.00 per week over 38 weeks. The cost to the member was £42.30 over that period and proved to be very successful. Members are offered a Credit Union Prepaid Card the CredEcard is a flexible, Visa Prepaid Card from Contis Group, the card has been designed exclusively for credit union members and is a pay as you go debit card.  2014 saw the credit union taking part in the Video “The Actress and the Bishop” on the Credit Union Bus tour around Greater Manchester. Featuring Moorhouse primary school where children participate in their credit union. The Credit Union has helped save its members £1million, gaining more than 2,000 members since 2012.

Known as the 'Community Bank' for Shropshire and Telford Just Credit Union was registered with the Registry of Friendly Societies in August 2001. This was the result of the work and skills of a committed group of Shropshire volunteers supported by paid staff. The registration of the credit union in Shropshire was ground breaking, covering a large geographical area with its common bond. Since starting they have lent over £10 million to members up to 2016   There was a unanimous vote in favour of extending the common bond to include Herefordshire and the surrounding areas for a merger with Money Box Credit Union at a Special General Meeting in September 2016. The credit union serves junior savers. A partnership in 2017 the first of its kind for Shropshire with Revive is where you can buy furniture at low prices in the showroom in Telford Shopping Centre. The partnership is to enable local people on low incomes to spread the cost of purchasing essential household items using a credit union loan to make affordable payments that suit them. This is a win-win situation for Reviive, Just Credit Union and the customer. Reviive was formed by two Shropshire based charities called Shropshire Housing Alliance and South Shropshire Furniture Scheme. 2017 saw the Fairbanking Foundation award JCU the 5-star Fairbanking Mark for both their Community Loan and Member Loan products. To receive the award a credit union undergoes a rigorous assessment, including an independent survey by Ipsos MORI and must prove the product has features and support services which help to improve financial wellbeing.  As well as receiving the 5-star Mark, the credit union were nominated as a finalist for the UK Social Enterprise Awards 2017 because of the positive impact they had on their community. The shortlisting was for ‘Transformative Community Business’ category.  Nominating a locally rooted social enterprise that trades for the benefit of their community and has a track record of delivering real benefits for the community they serve.The credit union in 2018 have been shortlisted for a MoneyAge Award for nomination in the category “UK’s Ethical Services Provider of the Year”. It is the third year, the MoneyAge Awards celebrate excellence, professionalism and innovation in the financial industry. The awards are presented for banks, building societies and credit unions that have been recognised for offering a new product, focus on value and customer service.  

Jublee Tower Credit Union Ltd

Jubilee Tower Credit Union was founded in 1996 by Sudellside Community Association in Darwen as Darwen Tower Credit Union and originally operated from the community centre one evening per week. From such humble beginnings we have grown organically and securely.

In 2004 we expanded to cover the whole Borough; and a little bit more as we also serve part of the southern Ribble Valley. A little later on, in 2007, Blackburn South Credit Union merged with us so there was a single credit union serving the whole borough. We now have over 2,000 adult members and 1,800 Young Savers with assets of approximately £1 million. We are still based in Darwen town centre and as a truly accessible community enterprise we open up our services to the whole Borough by operating from a number of community locations over the week.

In 2015 and 2016 the Credit Union has received a number of awards from EDWARD FILENE CREDIT UNION AWARDS held in  london along with others from around the world of credit unions. 


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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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