British Credit Union Historical Society

The West Plymouth Credit Union was officially registered in 1997. The common bond was limited to Mount Wise, Devonport, Keyham, Ford, Stoke and Pennycomequick. The common bond was expanded to include North Prospect, Ham, Camels Head, Peverell and Pennycross in 1999. By 2001 the office was established at 14 Cumberland Street, Devonport.  Accounts were computerised the following year and the first paid staff were employed. The common bond was again expanded in 2006 to include the whole of Plymouth and our name was changed to the City of Plymouth Credit Union. Plymouth City Council and Plymouth CityBus payroll deduction schemes launched in 2010 and 2011 saw the new website enabling online account access was launched. In October 2013 a brand, new city centre shop premises for the City of Plymouth Credit Union was unveiled. The shop at Frankfort Gate had been chosen so people could get easy access to the credit union and financial services. As of January 2016, the merger with HOPE Credit union was completed and membership has grown. The England Illegal Money Lending Team in partnership with City of Plymouth Credit Union granted the first 50 people to join the Credit Union before the end of November £25 from the proceeds of crime money, confiscated from convicted loan sharks to sponsor new Credit Union accounts. The new members must make at least three-monthly payments into their account to qualify for a savings boost.

Membership is available to anyone who lives or works within Devon, Cornwall or the Isles of Scilly and corporate bodies operating in the same geographical area.

Registered as Milton Keynes Credit Union Ltd in December 2004 serving the population of Milton Keynes merged with Aylesbury Credit Union who were established in January 2000 and trading in march 2013 as Thame community bank. changing the name to Swan Credit Union to reflect the new geographical area served. In 2013/14 the two separate CUs helped members by issuing more than 190 new loans to a value of over £190,000. Didcot Community bank came into being in April 2015 and so four community banks: MK Community Bank (Milton Keynes), Aylesbury Vale Community Bank, Thame Community Bank & Didcot Community Bank (both in South Oxfordshire) were now serving their respective communities. The credit union has been there to help their members who may have had to go to expensive high interest lenders. In the second year as Swan 2014 they issued 308 new loans to a total value of £301,000. September 2015, they had around 1,100 members and were looking after members’ savings of £555,000.

Holdfast Credit Union Ltd

Registered in December 1992

In 2002 Holdfast credit union celebrated 20 years of service to the members. In the beginning it was a small but significant local financial business started by a dedicated group of people to help people. Shares reached a couple thousand pounds and this allowed hundreds of pounds to be lent to members. Holdfast offers a wide range of accounts to both adults and children throughout the Witham area. The anniversary acknowledged the hard work done by both volunteers and the then three members of staff. Hold fast has an office in Newland Street but also outreach centre’s in Braintree, Greenfields, Kelvedon and local primary schools. The credit union is seen as a friendly place in the locality which is expanding rapidly. Open to members who live or work in Witham, Braintree, Maldon, Halstead, Coggeshill, Kelvedon, Great Dunmow, Tiptree & surrounding villages. The Credit union is one of three credit unions in Essex to join forces to form Credit Unions Together (CUT). A secondary co-operative cooperating to do things that help achieve their aims that they would not be able to do by themselves.

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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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