British Credit Union Historical Society

In 1992, Ian Telfer (Warrington Borough Council Community Development Officer) instigated a training course for volunteers, the long-term aim of which was the introduction of credit unions to Warrington.

1993: Poulton North Savings Club  As a result, Poulton North Savings Club was established in 1993.

1994: Credit Union Status The Savings Club prospered and in 1994 was granted the right to operate as a credit union by the Registrar of Friendly Societies.  This was the recognition and vote of confidence the volunteers had been working hard to achieve.  As a result, the credit union opened with some 180 members.

2000: Common Bond Area Extended In March 2000, the credit union extended its Common Bond area to include the New Town area of Birchwood ward.

2002: Merger with Poplars' Credit Union The credit union subsequently amalgamated with Poplars' credit union in 2002. With the merger and Common Bond area approved, the organisation became North East Warrington Credit Union, reflecting more completely the catchments’s area it now served.  From the original 3 square miles, NEWCU now operated across 24 square miles with a resident population in the region of 60,000.

2014: NEWCU embraces Warrington NEWCU's Common Bond area now covers the whole of Warrington with a resident population of just over 200,000

Wherry Dragon Credit Union Ltd

Was originally born out of a credit union set up for employees of Norwich City Council. Norwich City Council Employees Credit Union (NCCECU) was established in 1992 as part of a Council wide initiative to promote the valuable work of the credit union movement to the City and its residents. It exists today as one of seven credit unions operating in Norfolk. The City Council had been changing its approach to delivering its services The Board of Directors recognised in 2006 and made a strategic decision to widen the ‘common bond’ to other local government organisations across Norfolk. City Care, Norfolk County Council, Norse Commercial Services and other organisations connected to the credit union. In 2007 the name became Wherry Dragon Credit Union, a countywide financial co-operative offering membership to all local government employees and those providing local government services across Norfolk. The future direction is bold and groundbreaking for Norfolk the plan to grow and to offer services to all local government related organisations in Norfolk - from Cromer to Diss, Great Yarmouth to King's Lynn.  

New Central Credit Union

Started as Phoenix Five Credit Union, which was first registered in July 2000 with its office in WATCH Ltd in Hillfields.  In 2001 there was a transfer of engagement from Coventry City Council Employees Credit Union to Phoenix Five. Coventry West CU came into being when Phoenix Five CU merged with Millennium CU and Radford CU in 2003.  At the same time the common bond was extended to cover the entire west side of Coventry that enabled people who were previously excluded access to the services of a credit union.  By this time the Credit Union was based in St. Peter’s Centre, Hillfields. In 2006 with the support of European funding a move was made into City Arcade. In 2010 our common bond was extended to cover the whole of Coventry and Warwickshire.

Early in 2012 a transfer of engagement took place from New Way Credit Union, based in Atherstone, North Warwickshire to Coventry West Credit Union.  This merger allows people living in the rural area of North Warwickshire access to the services. In 2012 the name was changed  to New Central Credit Union Ltd. 


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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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