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Credit unions tackle community development challenge at Abcul conference – Co-operative News

Credit unions tackle community development challenge at Abcul conference – Co-operative News
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Swoboda conference examines current issues and trends for credit unions

Swoboda conference examines current issues and trends for credit unions
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Worldwide Foundation for Credit Unions Welcomes Six I-CUDEs as Class of 2022

MADISON, Wis.—Worldwide Foundation for Credit Unions (WFCU) on May 10 welcomed six new members to the International Credit Union Development Educators’ (I-CUDEs) global family as the Class of 2022.

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Can credit unions really solve Britain's high cost credit shortage?

Yet that is exactly what happened to Police Credit Union last March. The member owned co-operative, which has grown to 34,000 members since its founding in 2002, was handed the cash from a Treasury-backed fund so it could help those in the police, armed forces and other public services cut the cost of their borrowing as their financial habits improved. Officially dating back to the 1960s and with roots which go back to the 18th century, credit unions have long been applauded for their membership model. High profile supporters of the co-operatives include Michael Sheen and Camilla, Duchess of Cornwall And it was not the only one. Despite their age, credit unions have been around since 1960 and can trace their roots back to the 18th century, two of the three winners, and four of the six finalists, of the £200,000 prizes were credit unions.

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Can credit unions really solve Britain's high cost credit shortage?

Can credit unions really solve Britain's high cost credit shortage?
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