Credit unions have been putting their members first and providing them with the financial services they need in the UK since 1964. There are now nearly 400 in Britain which together provide responsible savings and loans to over 1 million people and look after over £1 billion in assets.- Credit unions work to benefit their members, helping to provide communities with affordable loans and savings products and by promoting thrift and the wise use of money. - Credit unions are financial co-operatives owned and controlled by their members. - Credit unions are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. - Savings in a credit union are covered by the Financial Services Compensation Scheme, so the first £85,000 of a member’s savings is completely safe.
