Celebrating International Credit Union Day!

International Credit Union Day 2024 takes place next week and we’re looking forward to joining in with the global celebrations! This special day is an opportunity for us to reflect on the rich history of credit unions, their purpose and the many benefits of being a member of Leeds Credit Union.

A Brief History of Credit Unions.

Credit unions have a long and storied history that dates back to the 19th century. The first modern credit union was established in Germany in 1852 by Hermann Schulze-Delitzsch and Friedrich Wilhelm Raiffeisen, who were pioneers of cooperative banking. These visionary leaders sought to provide affordable financial services to those underserved by traditional banking institutions. The movement quickly spread globally, reaching our shores and paving the way for the formation of LCU.

The Purpose of Credit Unions.

At their core, credit unions are not-for-profit financial cooperatives owned and operated by their members. Our mission is to promote financial well-being by:

1. Providing Access to Affordable Financial Services: We offer a range of products and services, from savings accounts to loans, designed to meet your needs.
2. Fostering Community Development: We are committed to supporting our local communities and helping to build a strong, financially resilient society.
3. Encouraging Financial Education: We provide resources and educational programmes to help you make informed financial decisions.

Benefits of Being a Member of Leeds Credit Union.

When you become an LCU member, you are not just a customer but an owner of a financial institution that prioritises your needs. Here are some of the unique benefits you can enjoy:

• Competitive Rates and Low Fees: We strive to offer competitive rates on loans and savings, ensuring you get the best value.
• Personalised Service: As a member, you receive attentive, personalised service from a team that genuinely cares about your financial well-being.
• Community Engagement: We actively participate in community initiatives, supporting local causes and fostering a spirit of cooperation and mutual aid.
• Financial Education and Resources: Access to workshops, seminars, and online resources to help you manage your finances effectively.

As we prepare to celebrate International Credit Union Day, we want to express our heartfelt gratitude for our members’ continued support and trust. Together, we are not just building better financial futures for ourselves but also strengthening our community.

If you’re interested in becoming our newest member, you can find more details or start your application here!