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Manchester Unity Credit Union
Manchester Unity Credit Union Limited is a not-for-profit member-owned financial co-operative, based in Manchester and operating throughout the United Kingdom. The credit union was first established for members of the Independent Order of Oddfellows by Manchester Unity Friendly Society in 1991.〔
Gibbons, Damon (Local welfare provision, low-income households, and third sector financial services provision ) (p. 84) Centre for Responsible Credit, March 2013〕
==History==
The credit union traces its roots to Manchester Unity (No 1) Credit Union, which was founded in the English Midlands in 1991, followed by Manchester Unity (No 2) Credit Union in North London in 1994 and Manchester Unity (No 3) Credit Union in Yorkshire in 1997.〔(Credit Unions in the Oddfellows ) Manchester Unity Credit Union (retrieved 24 October 2015)〕 In 1999, the Treasury announced that credit unions would be brought within the mainstream regulatory scheme administered by the Financial Services Authority.〔Edmonds, Timothy (Credit Unions ) (p. 21) House of Commons Library, Briefing Paper No. 01034 (PDF), 5 January 2015〕 With little growth and increasing legislation, talks took place between the credit unions and the Board of the Oddfellows bringing all three together in 2001.〔
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