credit union redirects here . leeds city credit union the leeds city centre branch founded 1987 type industrial and provident society location 2nd floor westminster buildings new york street leeds ls2 7dt key people chris smyth chief executive website leedscitycreditunion.co.uk leeds city credit union limited is a not for profit member owned financial co operative formed in 1987 and based in the west yorkshire city of leeds . white rose credit union of wakefield and your loan shop are trading names of leeds city credit union . 1 2 contents 1 history 1.1 mergers 2 activities 2.1 products 3 see also 4 references 5 external links history edit see also history of credit unions the credit union began life as the leeds city council employees credit union offering savings and loans to local authority staff . in 1997 it became a community credit union open to everyone living or working in the local authority area . leeds is the second largest metropolitan borough council in the uk with a population of 800 000 . while continuing to serve members from 2006 to 2008 leeds city credit union experienced a number of management and governance challenges . this led to an independent review of governance and the appointment of a new management team and a number of new directors . 3 4 5 6 7 since 2009 leeds city credit union has re emerged as the country s largest credit union with over 35 000 members . 8 in 2012 members adopted a new constitution to take advantage of the legislative reform industrial and provident societies and credit unions order 2010 . 9 this has given the credit union new powers including the ability to extend its common bond to employers and organisations outside leeds to offer business accounts and interest on savings . 10 in 2013 leeds city credit union selected intermarketing agency as its marketing agency following a pitch process . 11 in 2014 lloyds banking group piloted a project in conjunction with leeds city to encourage its staff to direct customers towards credit unions . 12 in july 2015 leeds city credit union became members of leeds citizens a new diverse alliance of organisations which aims to campaign for social justice and the common good . on 3 september 2015 economic secretary to the treasury harriett baldwin 13 visited the credit union to discuss the important role that credit unions play in the financial sector . on 11 september 2015 a your loan shop information point at the compton centre leeds was officially opened by lcc executive member for communities cllr . debra coupar lab . cross gates and whinmoor and rising leeds rhinos rlfc star liam sutcliffe . 14 mergers edit seacroft credit union established 1997 transferred engagements to leeds city credit union in 2001 followed by skyrack credit union established 1991 as south headingley and burley savings and co operative credit union and halton moor co operative savings and credit union established 1988 in 2002 . more recently white rose credit union established 1997 and incorporating the engagements of united stream credit union transferred in 2014 . 15 activities edit registered under the industrial and provident societies acts leeds city credit union is governed by a volunteer board of directors who are elected at the annual general meeting . 16 it has branches in armley middleton kirkgate dewsbury road and seacroft . in 2014 it extended its reach to cover wakefield where there is a branch in the wakefield one building and another in hemsworth . in june 2015 leeds city council teamed up with the credit union to as part of a scheme to tackle empty homes . 17 for august and september 2014 your loan shop had 364 visits in person and 118 web enquiries resulting in 103 loans being issued to the value of 87 718 . 18 in august 2015 your loan shop celebrated its first birthday 19 by announcing it has helped over 600 people in leeds and saved the people of leeds approximately a quarter of a million pounds in higher interest charges compared to other loan shop lenders . membership of leeds city credit union is restricted by common bond to individuals living or working in the cities of leeds and wakefield where it continues to trade under the white rose name . residents of certain housing associations 20 and staff of select employers are also eligible to join . 21 products edit leeds city credit union runs a payroll deduction savings and loans scheme in conjunction with leeds city council and select local employers . the credit union is responsible for the operation of the scheme with the employer facilitating monthly deductions from salary . 22 a payment card accepted at post office and paypoint outlets can also be issued to members on request . 23 credit unions do not pay a fixed rate of interest on savings balances . instead they distribute any trading surplus to members in the form of an annual dividend calculated on average savings or as a rebate of loan interest paid . leeds city 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 . 24 as a current account provider the credit union also subscribes to the banking code . see also edit association of british credit unions credit unions in the united kingdom british co operative movement references edit help for hard up leeds families to escape the lure of unscrupulous lenders this christmas yorkshire evening post 9 december 2014 sharman laura loan shop takes on pay day lenders localgov 5 august 2014 smith lewis former head of britain s biggest credit union declared bankrupt the independent 15 august 2009 leigh debbie no charges against ex leeds city credit union boss yorkshire evening post 24 may 2012 big credit union overcomes shameful history the yorkshire post 26 september 2012 woman stole 12 000 from leeds city credit union yorkshire evening post 26 september 2012 barrett david criminals to be named and shamed by home office the daily telegraph 14 october 2012 hudson neil plan to pull thousands in leeds out of debt spiral yorkshire evening post 21 january 2015 ed balls to promote credit unions the yorkshire times 12 january 2012 read simon credit union in first national tie up the independent 25 june 2013 west gillian leeds city credit union appoints intermarketing agency the drum 10 july 2013 read simon lloyds agrees 4m plan for credit union grants the independent 23 june 2014 minister praises uk s credit unions . the yorkshire post . retrieved 15 september 2015 . rival to high cost lenders . yorkshire evening post . retrieved 15 september 2015 . yorkshire credit unions merge insider 13 january 2014 governance leeds city credit union retrieved 10 february 2015 leeds city credit union . leeds city credit union . retrieved 15 september 2015 . bowyer laura and brown jonathan yep leeds survey foodbanks a consideration as readers reveal debt worries yorkshire evening post 23 october 2014 what a difference a year makes . social enterprise yorkshire and humber . retrieved 15 september 2015 . advice for tenants to avoid vicious cycle of debt grimsby telegraph 20 january 2014 join us leeds city credit union retrieved 10 february 2015 saving from your pay for employees leeds city credit union retrieved 10 february 2015 membership account leeds city credit union retrieved 10 february 2015 credit union guide financial services compensation scheme retrieved 2 april 2015 external links edit leeds city credit union white rose credit union your loan shop association of british credit unions v t e credit unions in the united kingdom community alford and district community bank the co operative eastern savings & loans east london cherwell community bank leeds city lincolnshire london capital london community london mutual london plus louth community bank northamptonshire north london plaid cymru rainbow saver anglia thamesbank wandsworth plus white rose yourcu industrial changemaker churches mutual 1st class manchester unity national fire savers nhs ou employees pcs penny post plane saver police rmt scvo tcu money dissolved district of canterbury hornsey co operative north west london radio taxicabs london associations association of british credit unions gb irish league of credit unions ni ulster federation of credit unions ni retrieved from https en.wikipedia.org w index.php title leeds city credit union & oldid 705103626 categories credit unions of the united kingdomorganisations based in leedscompanies established in 1987hidden categories engvarb from october 2015use dmy dates from october 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout 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