British Credit Union Historical Society

Greenwich & Bexley Credit Union Ltd

The organisation started in 1998 as Timeline Credit Union Ltd providing services for Greenwich Council employees and pensioners. In 2004 they merged with the Greenwich Waterfront Credit Union and began offering services to everyone living or working in Greenwich and Thamesmead, and changed the name to Greenwich Credit Union Ltd. In 2012 they adopted new rules to allow people living or working in Bexley to join and also to permit organisations as members. Changing again the trading name to Greenwich & Bexley Credit Union. June 2017, there was 7,600 adult members, 420 junior savers, a loan portfolio of £5.3m and £8m of members’ savings. In total they have loaned over £33m to local residents and employees.

Ciba Water Treatment Credit Union Ltd

Workers at Bradford's Ciba Speciality Chemicals Registered the credit union on the 16th of April 1999. Chairman Charlie Boyle said the Ciba Water Treatments Credit Union Ltd would offer the loans at a fixed interest rate of one per cent a month in line with Whitehall rules. They had been saving together and when they got enough assets to cover the running costs of the office and the registration fees they were allowed to go ahead with granting loans. Ciba has given the Union an office and equipment to run the scheme within the site as well as time for the staff to run it. The Credit Union is one of only a handful in the Bradford area which are employee based and looking at it as being a positive employee benefit. Ciba's head of human resources - and a member himself - said: "It's very much something that employees and management have co-operated on very effectively.”

Laser Credit Union Ltd

LASER Credit Union Ltd was established in February 2003 to benefit the community of the Borough of Rotherham, by offering smart savings and affordable loans. LASER stands for Loans and Savings Enterprise Rotherham. To be able to apply for products and services from LASER you need to live OR work in South Yorkshire or North-East Derbyshire, or be a member or employee of one of the following organisations: Community the Union, The British Chambers of Commerce, NCVO all can be anywhere in the UK. UNISON members in Yorkshire and Humberside can also join. Families living at the same address as a member of a LASER Member are also entitled to apply for membership, including children from 0 to 16 years. LASER Credit Union officially opened its new town centre premises in June 2011 at the Old Town Hall in Effingham Street. The Credit Union has been helping the people who live and work in the Borough of Rotherham for 10 years. To celebrate this achievement, Members were invited to join staff and board members to mark the momentous milestone at the office in The Old Town Hall in March 2013. In August 2016 the Bank of England reduced the Base Rate by 0.25% and as a result of this change, the credit union reduced the interest rate on Premier Deposit Accounts by 0.25% from 1.75% to 1.5%., they also reduced the interest rate on Premier Savings Accounts from 2.0% to 1.75%. LASER Credit Union was one of 31 credit unions to join the first wave of a major project set to transform the credit union sector over two years. The Credit union moved to a new base at 2 Effingham Square, S65 1AP in November 2016. 

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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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