It’s our community. Credit Union: A credit union is a type of financial co-operative . This 'common bond' could be the same: Locality; Industry (the police have a credit union for instance) Trade union, club or church ABCUL facilitates networks of credit unions to support cross-sector sharing, learning and support including the largest annual gathering in the sector. Accounts. You can work out how much a credit union loan would cost you by using the loan calculator on the Association of British Credit Unions (ABCUL) website at www.abcul.coop.. Credit union loans usually work out cheaper than home credit or payday loans. ABCUL provides a full range of information, training and development services to help your business grow as a sustainable financial services provider. Why White Rose Credit Union? Getting a loan from a credit union. A credit union is a nonprofit savings and lending cooperative that's owned by its members. These updates will take effect from Monday 16 March 2020. Resources. 13 March 2020: We published PS6/20 ‘Credit unions: Review of the capital regime’, relevant to all UK credit unions. A credit union is a form of co-operative. However, the UK credit union sector remains small compared with other countries. Glasgow Credit Union is the largest credit union in the UK offering loans, savings & mortgages to people who live or work in the Glasgow ‘G’ postcode It's "run by the members, for the members". But many credit unions have joined networks that offer fee-free ATMs and shared branches to credit union members across the country. A credit union's mission is to serve the community where it's located, which means it may not have accessible physical locations elsewhere if you travel or move. Credit unions are not-for-profit, and are formed by people who have something in common. Events. Credit unions charge low rates of interest - no more than 3% each month. Credit unions may have fewer convenient branches. If you're looking for a bank that will help you to put your credit union's money where your values are, you're in the right place. Learn More. Rules and legislation for credit unions. The rules and legislation applying to credit unions are available in … An Overview of Credit Unions in London and Other UK Cities. Credit Union savings: Save with a bank for good. In the US, more than half the population have used credit unions. You can open a Charity Bank credit union savings account that will earn you a return and support the extraordinary work of charities and social enterprises across the UK. … The first credit union in Britain began trading in 1964, and over the last 50 years, credit unions have grown to provide loans and savings to more than 1.2 million people across England, Scotland and Wales. Locations. Rates. White Rose Credit Union will be awarding two - $500 Scholarships for the Spring of 2021. White Rose Credit Union is committed to improving the lives of our members and community – and inspiring others to do the same.