Glasgow credit union
A Glasgow Credit Union serving Britain
The Transport Credit Union
The Credit Union is based in Glasgow and has been serving the transport industry for over twenty five years. We have designed our main site to be a continuing resource for our members throughout Britain. click here to visit our members site.
The Transport Credit Union has proudly served transport industry employees for the past 29 years.
It
was originally started with a share capital of £8 in June 1981 by Trade
Union representatives in Glasgow buses under the name of “Strathclyde
P.T.E. Savings & Credit Union Ltd.” to help serve the financial
requirements of the Glasgow bus and Underground employees.
In
1991 due to bus deregulation, the “Common Bond” was altered and at which
point the regulator agreed to an expansion to admit other passenger
transport workers throughout Strathclyde.
A successful
application to the Registry of Friendly Societies in 1995 permitted the
credit union to operate throughout Scotland, by allowing all staff in
the passenger transport industry and in Scotland to join.
By
1997 the credit union achieved the prestigious 11C certificate from the
Registry of Friendly Societies, being only the fourth Credit Union in
Britain to do so at that time.
Since July 2002 they are proud to
be registered to carry out the higher “Version 2” Business as Regulated
under the Financial Services Authority, which only around ten other
credit unions in the country achieved.
To ensure quality of service
they have a comprehensive internal complaints policy and the credit
union has also been a member of the Financial Ombudsman Complaints
Scheme since 2002.
While growth was very gradual in the early
years, as more people become aware of Credit Unions, there has been a
gradual realisation that the services offered can be difficult to beat,
and as a result, in recent years membership has increased significantly
to over 12,000 accounts.
There are now over twenty Companies
serviced by The Credit Union, inclusive of Arriva Group, Firstbus,
Scotrail, Stagecoach, and Scottish Ambulance Service, members have well
over £10 million in savings and over £8 million out on loan. The credit
union has loaned its members well in excess of £60 million pounds
to-date, and following FSA approval this Transport Credit Union now
services passenger transport employees throughout Gt.Britain.
Twelve
professional staff with over 100 years Credit union experience between
them are employed to look after the day-to-day smooth running that has
become a hallmark. There are “Local Officers” in many main locations to
provide additional information and guidance for members.
Many
Credit Unions and study groups throughout Britain have benefited from
visiting this Credit Union over the years, as there has always been an
“open door” policy to assist fellow co-operators.
All savings (i.e.Shares) are insured against the incidence of fraud, through Cuna Mutual Insurance Ltd.
For details of the Government Financial compensation Scheme, click here
The
Transport Credit Union has produced remarkable successes over the past
two decades, and now has well over £2.5 million in Capital and presently
has over £5 million liquidity. The annual membership fee of £10 is
waived due to your employers free payroll deduction, provided at least
£1 is deposited each year.
THE CREDIT UNIONS STRATEGY:
The
plan is simply to ensure maximum sustainable growth, and use that growth
to benefit Members even further, by way of their improving services,
basically as the Credit Union itself says, “You benefit as we grow!”
Our Member Service Team can take your personal call
Mon - Thurs 8.45am - 16.00pm
Friday 8.45am - 15.00pm
National enquiry number : 0845 45 00 933 (Local call rate)
Licensed by : Office of Fair Trading for Money Counselling.
&
Confederation of Passenger Transport.
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"The Transport Credit Union" is the trading name of Scottish Transport Credit Union Ltd.
Glasgow Based Credit Union wins Transport award for services to the transport industry.
Glasgow Credit union is an amazing success stor.y
Our credit union covers the following Transport areas:
 Aberdeen |
Dundee |
Edinburgh |
| Glasgow |
Inverness |
Stirling |
| Bangor |
Cardiff |
Newport |
| St Davids |
Swansea |