Banking - credit unions (352)

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Id 352
Name Banking - credit unions
Definition
  • A credit union is a profit sharing, democratically run financial co-operative which offers convenient savings and low interest loans to its members. The council may offer support to local credit unions by providing advice and information to help them get started and manage their affairs in a legal and efficient way.
In scheme
History notes
  • Added scope notes in version 2.02. Term name changed from 'Credit unions' to 'Banking - credit unions' in version 3.00.
Same as
Type
Resource uri http://id.esd.org.uk/service/352
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A credit union is a profit sharing, democratically run financial co-operative which offers convenient savings and low interest loans to its members. The council may offer support to local credit unions by providing advice and information to help them get started and manage their affairs in a legal and efficient way.

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