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The development of Southwark Credit Union 1982-2007

By O. Sallyanne Decker and Paul A. Jones

Abstract

Southwark Credit Union (SCU) is the largest community credit union in London and one of the leading credit unions in the country. It has three branches throughout the London Borough of Southwark, is managed by a workforce of over 30 staff members, has assets of over £6.8 million and serves over 7,000 members with a range of modern and professional financial products and services. SCU’s membership is wide and economically diverse, with payroll deduction facilities in 19 companies and public sector organisations. Yet, from its foundation, SCU has always aimed to serve those on moderate or low incomes and now plays an increasingly important role in providing a pathway to financial inclusion for people, including many in the immigrant community, who find themselves excluded from mainstream financial services. This publication celebrates 25 years of commitment to the people of the London Borough of Southwark. It tells the story of Southwark Credit Union from its origins within the council workforce to its becoming the community financial institution that it is today. No longer just serving council employees, Southwark Credit Union now offers modern and professional financial services to many thousands of people who live or work in the borough, many of whom are on low incomes or would otherwise face financial exclusion

Topics: HG
Publisher: School of Applied Social and Community Studies, LJMU
Year: 2007
OAI identifier: oai:gala.gre.ac.uk:5604
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