British Credit Union Historical Society

Was founded in 1989 as the Erdington and District Credit Union Ltd by a group of people with a common interest. In 2004 they became the North Birmingham Community Credit Union Ltd (NBCCU), merging Credit Unions in Erdington, Sutton Coldfield, Castle Vale, Kingstanding, then incorporating Saltley District in 2007. April 2013 was when the name changed to Advance Credit Union Ltd to better reflect the growth and outlook of the credit union.  Membership continued to grow to over 4000 adults and 400 juniors. Assets held of £1.8 million and they lend more than £2m each year. The head office premises in Erdington and community based Collection Points throughout the region operated by volunteers and partner organisations.


The CMCU project began in 2008 and is supported by the Church of England, the Church of Scotland, the Scottish Episcopal Church, the Methodist Church and the Church in Wales. Individuals can join CMCU from Thursday February 12 2015. CMCU) has loaned over £1 million to members in its first year of lending. The credit union was launched in February 2015 to serve ordained ministers, lay ministers, employees and trustees of the Church of England, the Church of Scotland, the Methodist Church, the Scottish Episcopal Church and the Church in Wales. CMCU granted its first loan in May 2015, and passed the £1 million mark in April 2016. In addition to 113 car loans, the new credit union has helped members purchased two caravans and a motorbike, helped improve seven homes and furnish two others, and helped a couple pay for their wedding. The credit union has also helped 12 households turn unmanageable debt into affordable credit. In its first 15 months of operation, the credit union has attracted more than 700 members and holds over £1.6 million of members’ deposits. CMCU Chief Executive Hilary Sams said: “Although many of our members are ordained ministers, our common bond is wider than that and includes Parochial Parish Council members, trustees and office staff from five (shortly to be six) different denominations, resulting in a membership that is as diverse as our churches. “We aim to continue to do our part in promoting credit unions as a mainstream alternative in the financial sector and widening the scope of membership to individuals from all walks of life and financial circumstances.” CMCU in 2016 offered its services to ministers and staff of the United Reformed Church too. Early 2017 has added clergy and employees of the Catholic Church to its common bond approved by the regulators means an estimated further 37,000 people in eligible roles within the Catholic Church in England and Wales and in Scotland.



Transave Credit Union Ltd

Formed in 1996 by volunteer Worker Directors at First Group in Sheffield, Transave was originally set up as a credit union for employees in the passenger transport industry. From the outset, the simple aim was to help colleagues in financial need and encourage the habit of saving regularly.

it was the vision of Transave’s founder Dave Edwards which started this journey. Although the bulk of its members are still employed in the bus passenger transport industry, Transave has been successful in expanding its operations to include other sectors. Employer partners currently include First Bus, Stagecoach, South Yorkshire Police and Doncaster and Bassetlaw Hospitals NHS Trust. Transave now holds more than £19 million of members’ savings, and it has loaned out over £100 million to members during its 20-year history. The Credit Union in 2016 is now able to look forward in confidence to a further period of major expansion and success in the future. The Fairbanking Foundation in 2018 recognised the effectiveness of the loans of Transave Credit Unions and they were awarded the highest classification of a 5-star Mark and now join the other 17 credit unions who have achieved this mark.

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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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