British Credit Union Historical Society

Eastern Savings and Loans Credit Union ltd

Eastern Savings and Loans was originally found in 2001, with the business developing today; we serve just over 3,000 members around Suffolk, Norfolk and Cambridgeshire. The experience of the past 15 years has formed quite a character of the Credit Union, Building strong long-term customer relationships. Three of the regions credit unions announce merger discussions in 2013 with the aim of building a bigger, stronger credit union delivering better services to members. These Credit Unions were Ipswich and Suffolk, Rainbow Savers Anglia and Norfolk to bring together the strengths of all three credit unions.

Ipswich and Suffolk ISCU is based in Ipswich but serves members across Suffolk with volunteer information points in Newmarket, Mildenhall, Haverhill, Bury St Edmunds, Woodbridge and Felixstowe. ISCU currently has 5,500 members.

Rainbow Saver Rainbow Saver Anglia has shops in Lowestoft and Peterborough, with volunteer run points in Wisbech, Halesworth, Cambridge, Thetford and Great Yarmouth. It currently has 4,500 members and offers a prepaid VISA Debit card alongside its savings accounts and loans.

Norfolk Norfolk Credit Union is based in Long Stratton and has a shop in Norwich, with volunteer run points in Aylsham, Attleborough, Cromer, Drayton & Taverham Area, Dereham, Diss, Downham Market, Fakenham, Harleston, Kings Lynn, Stalham, Thetford, Watton. NCU currently has 3,000 members.

The combined credit union would have an active membership of 13,000. In January 2014 A Transfer of engagements of Norfolk Credit Union was registered as having been transferred to ISCU. At the same time ISCU has been advised a rule change to extend the common bond to cover Norfolk was also been registered.

Eastern Savings and Loans welcomed Lisa Nandy MP, shadow minister for the Third Sector to the credit union. The Credit Union opens a new location on the high street in Ipswich Town Centre June 2014 and Barclays Bank with Eastern Savings and Loans Credit Union announce their joint community initiative. Barclays will be hosting Eastern Savings and Loans in the Red Lion Street Branch of Barclays for four afternoons per week from the 30th June 2014. 

Members of Cambridge City Credit Union are to become members of Eastern Savings and Loans. It is anticipated CCCU member accounts will be transferred to the ESLCU system over the second weekend in February 2015 and these members will then be able to register for online access to their accounts.


Berkshire Credit Union ltd

Stephen Magee worked steadily to gather support from local organisations and in 2007 the Reading Credit Union began its operations when member number one was signed up.

The Reading Credit Union grew steadily and by early 2009 had over 400 saving members and a developing loans business. During this period many requests were received from other communities across the county of Berkshire to expand its area of operations. 

As a result in 2009, a Project Group was set up to expand the Reading Credit Union. The project successfully completed its work when in August 2010, Community Savings and Loans Ltd came into being. This new organisation, building outwards from Reading now covers all areas of Berkshire.

Contact e-mail  Ph. 01189585803

Plane Savers Credit Union Ltd

Founded in 1993, Plane Saver is now one of the largest Credit Unions in the UK with over 9,500 members and having lent over £70million. Having provided financial services exclusively to British Airways staff for over 17 years, Plane Saver expanded its field of membership in 2010 to offer financial services to people employed in, or associated with, one of the following: –The Airline and Transport Industry, Logistics, Engineering, Police, Fire and Ambulance Services, The Armed Forces or a family member who is living in the same household as an existing member of Plane Saver Credit Union. The Credit Union in 2017 has introduced an automated SMS Survey. In order to help action and address member’s recommendations and improve the timeline towards planning decisions. With the help of two of their service providers, they have designed a tool to capture member feedback after every phone call received. Using this member centric approach means Plane Saver will receive continuous live feedback, allowing them to adjust their products and services to meet member needs. 2018 saw the credit union being nominated for the MoneyAge Awards celebrating excellence, professionalism and innovation in the financial industry. The board are extremely proud to be shortlisted for Ethical Financial Services Provider of the Year. It’s a reflection of the great work being done and really does help in raising  awareness to the positive impact credit unions are having within society. In December 2018 the Credit Union has received the Army Covenant Silver Award in recognition of their commitment to support Armed Forces personnel, their families and veterans. What makes the Silver award extra special is that it also comes at a time when the credit union is celebrating 25 years of operating as a Credit Union providing ethical finance solutions to workers in the military and airline industry and now the Armed Forces.



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Latest comments

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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