On Wednesday 24th January, we got together with many of our partners and supporters from across the credit union and co-operative sector to celebrate the important milestone of our 25th Anniversary.
Since our launch, we’re proud of what we’ve achieved, thanks to the support of our members:
- Over 28,000 members have been served
- More than £50 million has been lent to members at affordable rates
- And over £75 million has been deposited in savings by members
In the last 4 years alone, we estimate that we have saved our borrower-members around £1.3 million compared with the same amount borrowed from popular high-cost lenders elsewhere.
“We’re delighted to have reached this important milestone in our history. It’s an opportunity to say thank you to all our members and the very many supporters, partners, volunteers, board members and staff who have helped support us over the last 25 years. We’re proud of our legacy and the impact we’ve had – and continue to have – on the lives of our members, often the most vulnerable and precarious in society, and we look forward to welcoming many more new members and partners on board in the years to come”
– Matt Bland, Co-op Credit Union CEO
To celebrate these achievements, and our quarter century of trading, The Co-op Credit Union announced a new ‘Silver Saver’ account which rewards regular savers with an annual interest rate of 5% for regular savings up to £250 per month, subject to terms and conditions.
– Matt Bland, Co-op Credit Union CEO“Without our savers, we would not have the resources at our disposal to support those to whom we lend and therefore it is only right that we reward them with this extra return to say thank you for their support over so many years”
“Without our savers, we would not have the resources at our disposal to support those to whom we lend and therefore it is only right that we reward them with this extra return to say thank you for their support over so many years”
The Silver Saver account is now live and full details of how to apply are on our website here.
Commenting on The Co-op Credit Union’s 25th Anniversary, Co-op CEO Shirine Khoury-Haq said:
‘Financial wellbeing and access to affordable financial services is so important to people, especially in today’s current climate. We’re delighted to celebrate 25 years of Co-op Credit Union. Our organisations share a very special difference in that we’re both co-operatives, we were founded on Co-operation, and we share and use the same co-operative values to manage and drive our businesses. Because of this, we’re able to support not only our Co-op colleagues and members, but also the rest of society. I know our 4,000 colleagues who are members of the union are so grateful for the access to affordable financial services, and we’re looking forward very much to continuing to work together in the future’
