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British Credit Unions: Transformation and Challenge

In: Credit Cooperative Institutions in European Countries

Author

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  • Paul A. Jones

    (Liverpool John Moores University)

Abstract

This paper gives an overview and analysis of the development of the British credit union movement, and highlights current major challenges facing the sector. In 2013, the British Government announced a 35.6 million pounds investment into the sector through the Association of British Credit Unions to support its expansion within British society, particularly within low- and moderate-income communities. The paper will explore the background to this government investment as well as the dynamics of the strengthening and expansion programme it will support. A key element of the expansion programme is the migration of a group of lead credit unions onto a collaborative and shared electronic operating system.

Suggested Citation

  • Paul A. Jones, 2016. "British Credit Unions: Transformation and Challenge," Contributions to Economics, in: Simeon Karafolas (ed.), Credit Cooperative Institutions in European Countries, pages 233-249, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-28784-3_12
    DOI: 10.1007/978-3-319-28784-3_12
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