logoHillingdon Credit Union
Common Sense
with money

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Credit Union Office
CR1, Civic Centre, High Street, Uxbridge, Middx, UB8 1UW

t: 01895 250958
e: info@hillingdoncu.co.uk
f: 01895 250951

About Us

Hillingdon Credit Union

We were formed in January 1991 originally just serving the employees of Hillingdon Council. Since then our Common Bond has extended to anyone who works or lives in the London boroughs of Hillingdon, Harrow, Ealing, Brent, Hounslow as well as Slough and South Bucks. We have over 3000 members including 400 junior savers

Our aims are:

Our “Mission Statement”

Hillingdon Credit Union exists to empower everyone within our Common Bond to take control of their finances, so that money supports them to achieve their goals and to live well and safely within a fair, equal and supportive society.

The Board of Directors, Management, Staff and volunteers of the Credit Union hereby affirm that the efforts of the Credit Union will be consistently and professionally dedicated to the accomplishment of this mission.

The Credit Union Story

The modern Credit Union movement traces its origins to Germany and to Friedrich Willhelm Raiffeisen, the Mayor of a small town in southern Germany, who in 1849 formed societies, which later evolved in to Credit Unions. The purpose of these Credit Unions was to enable people to help themselves in relieving debt and poverty.

A Credit Union is a democratic, not for profit financial co-operative owned and controlled by its own members. Each Credit Union is run only to benefit its members, all of whom have something in common - the common bond.

Credit Unions in the UK were in existence for some time before the movement gained momentum in 1979, when the Credit Unions Act was passed.

Since then, the Credit Union philosophy of mutual self-help has proved very popular, and there are now over 360 Credit Unions affiliated to the Association of British of Credit Unions (ABCUL) throughout England, Scotland and Wales.

In the UK over 1.2 million members have recognized the value of credit unions, and have savings approaching £1.1 billion pounds with their credit unions, with total assets of over £1.3 billion. There are thousands employed in the sector and many more thousands are volunteers involved in the movement.

 
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Directors Area