Membership and savings at an all-time high in our 30th year
Originally situated in Glasgow City Chambers with just two staff and a handful of members, Glasgow Credit Union has grown substantially over the past four decades to become the largest and most financially successful credit union in the UK with almost 50,000 members. Saturday the 29th June marks 30-years of providing an ethical financial alternative to the people of Glasgow.
Since it was established in 1989, the credit union has lent over half a billion pounds to the people of Glasgow and paid over £34M in dividend to our members.
The credit union delivered a phenomenal year in 2018 with record lending, a significant increase in membership and sustained savings growth. Our commitment to community involvement also flourished, with 73 local charities and good causes benefiting from over £30,000 of donations via our charitable fund, Giving Glasgow. This has had a positive impact on over 150,000 service users throughout the city.
This record year testifies to the ambitious and socially conscious business strategy being executed. Commenting on this success, David Ross, CEO, notes:
“Glasgow Credit Union is in a very strong financial position and we see tremendous opportunities in our 30th anniversary year and beyond. We will be celebrating this milestone in our history with a number of activities and events throughout the year that will recognise our members, staff, stakeholders and communities.”
David continues, “We will continue to build a company with great products, significant growth, ethical values and an efficient cost structure, capable of delivering sustainable financial performance well into the future.”
We wouldn’t have achieved this success without the support and loyalty of our members, so thank you, and here’s to the next 30 years!