On the 19th November 1996 the Register of Friendly Societies formally registered the Pontypool and District Credit Union Ltd. They opened on February 7th 1997. The Benefice Council took it upon itself to form a working party that would look into the implications of a Credit Union, to find the level of interest that might already be in the community, stimulate some interest and seek some kind of response.
This small group took a practical approach and immediately set about contacting as many groups as possible in the area. Fifteen people at the meeting expressed an interest and a willingness to train. That led to the formation of the Steering Group. Training was financed by a grant awarded by the County Council. As the credit union has grown they have made an effort to market their services in certain places.
On the 7th August 2008, at the invitation of North Abergavenny Communities First, the credit union expanded its common bond to include Monmouthshire and became Gateway Credit Union Limited. It currently has a presence in most towns in the area, served from the Head Office at 21 Commercial Street, Pontypool, which is now owned by the credit union.
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