The credit union has been operating within the Walsall area since 1996 and the Main Instigator was a Mike Pilbeam.
However, Records show they were registered in April 1999 as Walsall Metropolitan Borough Council Employee Credit Union Limited.
It was registered as Walsave Credit Union in March 2000 for the whole community.
The credit union is n ow open to everyone who lives or works in the Walsall area, and is based in two offices with plans to ensure that they extend the types of services offered to reach all parts of the Walsall area.
2018 was when the new website was launched and at the 2019 AGM the treasurer declared a dividend of 1.75% and was agreed by all who attended to be paid to members shares.
The credit union offers the following services: Savings accounts, Loan accounts Budget Accounts Junior Savers accounts
In partnership involved the England Illegal Money Lending Team (IMLT), Black Country Chamber of Commerce, and Just Finance Black Country along with the credit union worked together to promote savings through payroll deduction. A campaign, called #PaydayYourWay, in 2020 with the aims to encourage staff to save regularly, help them manage their money and keep them out of the clutches of loan sharks. The Covid-19 pandemic has highlighted the importance of financial resilience to deal with unexpected life events.
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