Glasgow Credit Union celebrates 30th year with record membership and savings

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.

Glasgow Credit Union celebrates 30th year with record membership and savings

David Ross

This Saturday 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 £34 million in dividend to its members.

The credit union delivered a phenomenal year in 2018 with record lending, a significant increase in membership and sustained savings growth. Its commitment to community involvement also flourished, with 73 local charities and good causes benefiting from over £30,000 of donations via its charitable fund Giving Glasgow. This has had a positive impact on over 150,000 service users throughout the city.

Their record year testifies to the ambitious and socially conscious business strategy being executed.

David Ross, CEO, said: “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 added: “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.”

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