The Lincolnshire Credit Union Limited is a not-for-profit member-owned financial co-operative, based in Lincoln and operating throughout the county in the English Midlands. In 2011, the credit union had approximately 2,000 adult savers, nearly 500 borrowers and 350 junior savers. LincUp, Alford and District Community Bank and Louth Community Bank are previous trading names of Lincolnshire Credit Union.
As of March 2020, A proposed merger between Lincolnshire Credit Union and Nottingham Credit Union was unveiled, with the proposed merge happening in June 2020.
The North Kesteven Credit Union was formed in 2001, adopting its current name in 2004, when the then Financial Services Authority agreed to an expansion of the common bond allowing the credit union to operate within the administrative county of Lincolnshire.[1] Gainsborough and District Credit Union, which had been founded in 1999, transferred engagements in 2007.
In 2009, the board met with the directors of Lincoln Credit Union, which had been serving members in the city of Lincoln since 2001, and agreed that the best interests of the whole Lincolnshire community would be better served by merging the operations of both organisations.[1]
In 2017, the credit union was awarded a seed grant of £18,804 by the Lloyds Banking Group Credit Union Development Fund.[2]
Activitiesedit
The members of a credit union are required to share a common bond. In the case of Lincolnshire Credit Union, membership is restricted to people living or working in the county of Lincolnshire in the East Midlands.[3]
^ abHow did it all begin? Lincolnshire Credit Union (retrieved 25 October 2015)
^2017 Winners Credit Union Foundation (retrieved 5 August 2018)
^Apply to join Lincolnshire Credit Union (retrieved 25 October 2015)
^Credit unions in membership of ABCUL 2015-01-03 at the Wayback Machine Association of British Credit Unions (retrieved 1 November 2014)
^Credit Union Guide Financial Services Compensation Scheme (retrieved 2 April 2015)
External linksedit
Lincolnshire Credit Union
Association of British Credit Unions
January 01, 1970
lincolnshire, credit, union, limited, profit, member, owned, financial, operative, based, lincoln, operating, throughout, county, english, midlands, 2011, credit, union, approximately, adult, savers, nearly, borrowers, junior, savers, lincup, alford, district,. The Lincolnshire Credit Union Limited is a not for profit member owned financial co operative based in Lincoln and operating throughout the county in the English Midlands In 2011 the credit union had approximately 2 000 adult savers nearly 500 borrowers and 350 junior savers LincUp Alford and District Community Bank and Louth Community Bank are previous trading names of Lincolnshire Credit Union Lincolnshire Credit UnionFounded2001 Gainsborough and District 1999 TypeIndustrial and Provident SocietyLocationCity Hall Beaumont Fee Lincoln LN1 1DDWebsitelincscreditunion org uk As of March 2020 A proposed merger between Lincolnshire Credit Union and Nottingham Credit Union was unveiled with the proposed merge happening in June 2020 Contents 1 History 2 Activities 3 See also 4 References 5 External linksHistory editSee also History of credit unions The North Kesteven Credit Union was formed in 2001 adopting its current name in 2004 when the then Financial Services Authority agreed to an expansion of the common bond allowing the credit union to operate within the administrative county of Lincolnshire 1 Gainsborough and District Credit Union which had been founded in 1999 transferred engagements in 2007 In 2009 the board met with the directors of Lincoln Credit Union which had been serving members in the city of Lincoln since 2001 and agreed that the best interests of the whole Lincolnshire community would be better served by merging the operations of both organisations 1 In 2017 the credit union was awarded a seed grant of 18 804 by the Lloyds Banking Group Credit Union Development Fund 2 Activities editThe members of a credit union are required to share a common bond In the case of Lincolnshire Credit Union membership is restricted to people living or working in the county of Lincolnshire in the East Midlands 3 A member of the Association of British Credit Unions Limited 4 registered under the Industrial and Provident Societies Acts The Lincolnshire 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 5 See also editCredit unions in the United Kingdom Lincolnshire Co operativeReferences edit a b How did it all begin Lincolnshire Credit Union retrieved 25 October 2015 2017 Winners Credit Union Foundation retrieved 5 August 2018 Apply to join Lincolnshire Credit Union retrieved 25 October 2015 Credit unions in membership of ABCUL Archived 2015 01 03 at the Wayback Machine Association of British Credit Unions retrieved 1 November 2014 Credit Union Guide Financial Services Compensation Scheme retrieved 2 April 2015 External links editLincolnshire Credit Union Association of British Credit Unions Retrieved from https en wikipedia org w index php title Lincolnshire Credit Union amp oldid 952007780, wikipedia, wiki, book, books, library,
