Your Credit Union (United Kingdom)

This article is about the financial co-operative in the United Kingdom. For other uses, see Your Credit Union.
K&C Credit Union trading as
Your Credit Union
Founded 2012
Type Industrial and Provident Society
Location
Website yourcu.co.uk

K&C Credit Union Limited, trading as Your Credit Union (YourCU), is a not-for-profit member-owned financial co-operative, based in Kensington and operating in the cities of London and Westminster and west London boroughs of Kensington and Chelsea and Hammersmith and Fulham. The credit union was formed in 2012.

Membership of Your Credit Union is restricted by common bond to people living, working, studying or volunteering in the Royal Borough of Kensington and Chelsea, the London Borough of Hammersmith and Fulham, the City of Westminster, Queen's Park and Kensal Green in the London Borough of Brent or St. Mary's Park and Queenstown in the London Borough of Wandsworth.[1] Membership is open to people outside these areas, wherever they live in the United Kingdom, providing they make a one off donation the credit union's partner charity, Tri-borough Opportunities, which aims to increase education and work opportunities for young people in the capital.[2]

A member of the Association of British Credit Unions Limited,[3] registered under the Industrial and Provident Societies Acts, K&C Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and PRA. Ultimately, like the banks and building societies, members' savings are protected against business failure by the Financial Services Compensation Scheme.[4]

See also

References

  1. ↑ Apply for Your Credit Union Membership Your Credit Union (retrieved 3 November 2015)
  2. ↑ News: Your Credit Union Your Credit Union (retrieved 3 November 2015)
  3. ↑ Credit unions in membership of ABCUL Association of British Credit Unions (retrieved 1 November 2014)
  4. ↑ Credit Union Guide Financial Services Compensation Scheme (retrieved 2 April 2015)


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