Thank you to all the members who joined us at our Special General Meeting on Thursday 12 February 2026. We were really pleased to see so many of you taking part.
The SGM gave members the opportunity to cast the formal second vote on the proposed merger between The Money Co-op and Metro Moneywise Credit Union. This follow-up vote was required as part of the regulatory process, after members had voted to back the merger at our Annual General Meeting on 26 January 2026.
The proposal is for The Money Co-op to merge with Metro Moneywise Credit Union through a transfer of engagements to Metro Moneywise. Once complete, the combined credit union would continue to operate under the name The Money Co-op.
Both boards believe this merger will create a stronger, more sustainable credit union. It will allow us to invest more in digital services and offer a wider range of competitive savings and loan options, while staying true to our co-operative, member-owned values.
Voting Results
Members were asked to approve the Special Resolution – Transfer of Engagement – Metro Moneywise Credit Union Merger
Members voted in favour of the proposal, with 100% of votes cast supporting the transfer.
| Vote question | Yes | No | Abstain | % in favour |
| Do you approve the Special Resolution: Transfer of Engagements to Metro Moneywise Credit Union? | 36 | 0 | 0 | 100% |
What this means for you
As the resolution has been approved, our board and management team will now move forward with the next steps in the merger process, including seeking full regulatory approval.
If and when the transfer completes, you will continue to save and borrow as normal. Your savings and loans will not change. Your voting rights will stay the same. You will continue to manage your account through The Money Co-op app and website.
We’ll continue to keep you updated as things progress. If you have any questions, please send us a secure message through the app or member portal, or contact us in any of the usual ways.
