Compared to the rest of the UK, credit unions in England had a relatively slow start. The first English credit unions were established in Wimbledon and Hornsey in 1964 by West Indian immigrants who brought the idea from their homeland.
Since then the credit union philosophy of self-help has proven very popular. In the UK, over a million people have recognised the value of credit unions, with total savings of well over £100 million. There are thousands employed in the sector and many more thousands involved in the movement as volunteers.
A 2016 report by Co-operatives UK recognises the significant role the credit union movement has played in the growth of the wider co-operative sector. British credit union membership has doubled over the last decade to more than 1.2 million, while the sector’s assets have trebled to more than £1.3 billion.
Over the years, we have collected various video content covering the history of English Credit Unions.
Former Credit Union Clips HERE
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