Thanks to all our members who joined us for our Special General Meeting (SGM), on 15th July, hosted by our Chair, David Fawell. It was a great opportunity to bring members together to vote on changes that will shape the future of The Money Co-op.
David opened the meeting with a warm welcome to all members who had joined us online. David also introduced our new CEO, Lisa Parry, who had the chance to introduce herself to those attending.
Two motions were approved by members at the meeting:
1. Common Bond Update: Addition of Oddfellows
Members approved a rule change to extend our common bond to include members and employees of the Independent Order of Oddfellows Manchester Unity Friendly Society (commonly known as The Oddfellows).
This change paves the way for a proposed merger with Unity Credit Union, which currently serves The Oddfellows community. By including them in our common bond, we’re taking an important step forward in bringing our two credit unions together.
2. Expanding our reach to the health and social care sector
The second motion, also approved, updates our common bond to include people working in the health and social care sector, following recent approaches from such organisations who’ve shown interest in joining us.
This means we can now look at welcoming new employer partners and members from this important sector, alongside those we already serve in retail, co-operatives, charities and social housing.
Why these changes matter
Both of these changes help us grow and strengthen The Money Co-op, making our credit union more resilient and more accessible. A bigger, more diverse membership base means more people benefiting from affordable loans, a safe place to save, and the power of co-operation.
Thank you once again to everyone who took part. If you’ve got questions about the meeting, the merger plans or our new common bond, we’re always happy to help – just get in touch.
