Tel: 01904 676633

16 July 2018
About Us

About Us

Since May 2009 everyone who lives or works in North Yorkshire has had access to the services of their own North Yorkshire Credit Union following the expansion of York Credit Union, which previously successfully served the community in York. We are an independent, not-for-profit financial co-operative, owned and controlled by our members. We are one of more than 400 credit unions in the UK and 43,000 worldwide and

Credit Unions have been around since the 1830’s and now operate in around 100 countries with a combined membership of around 160 million people and savings totaling more than £400 billion. In Britain, where credit unions are a relatively recent phenomenon, there are over 500,000 members with around £500 million of savings.

Who can join North Yorkshire Credit Union

Anyone who lives, works, studies or volunteers on a regular basis in the City of York or in the county of North Yorkshire (and any relatives who live at the same address) is/are eligible to join the Credit Union as a Member.

A membership organisation

Because the credit union is owned by its members they play a key part in its running by voting on important decisions and electing the Board of Directors.

Running the Credit Union

We are run, on behalf of our members, by a volunteer Board of Directors who are all also members. There are also a number of other Committees, covering a variety of roles, which are also staffed by volunteers.

All Directors and Officers are individually vetted by the Financial Services Authority and receive training specific to their roles.


We are authorised and regulated by the Financial Services Authority (FSA) and we have to report to them each quarter. We are also a member of the Financial Services Compensation Scheme (FSCS) which means that our members’ savings are protected by law.

Additionally, we are a member of the Financial Ombudsman Service (FOS) – the independent body responsible for settling disputes in the financial services sector.

We also hold a Consumer Credit Licence and are further regulated by the Data Protection Act.