Was formed in 1992 and was originally set up to serve Employees of The Royal Mail Group in Glasgow and records show they registered on 15/10/199. Since then they have expanded the membership base to cover the U.K. The name Value Credit Union was registered with the FCA in July 2007.
The common bond now covering all Royal Mail Group employees and their families. B.T, O2, Virgin Media, Capita and Santander employees and their families. CWU members and their families, CWU employees and their families, CWU retired members and their families.
In other words, all workers in the Communications Industry and their Families are able to join 1st Class Credit Union.
In 2016 1st Class Credit Union was officially awarded Fairbanking Mark a five-star rating to their personal loan products.
2018 the Economic Secretary to the Treasury, John Glen MP, and the Minister for Pensions & Financial Inclusion, Guy Opperman MP, visit 1st Class Credit Union’s operational arrangements including chatting with staff and looking at new tech developments powered by credit union supplier, Incuto.
There was also the opportunity to chat to two members of 1st Class Credit Union, whom in the past dealt with financial difficulties and were supported by the credit union.
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