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Credit unions in the United Kingdom were first established in the 1960s. Credit unions are member-owned financial cooperatives operated for the purpose of promoting thrift, providing credit and other financial services to their members. Credit unions in the UK now offer a wide range of services to their members; including current accounts, payroll deductions, standing orders and insurance. Co-operative or mutual organisations engaging in cooperative banking, such as building societies, have existed in the UK since the 18th Century. == History == Institutions known as mutual societies grew out of the friendly society movement of the 18th century, with the first mutual insurer, Equitable Life, being founded in 1762. Formalised under the Friendly Societies Act 1819 mutual institutions predated the welfare state and were formed to meet the needs of a growing urban working class. This communitarian self-help movement allowed small regular individual contributions to be pooled for mutual collective benefit, obtaining the same economies of scope and scale necessary for providing insurance and financial products. Mutual societies helped to raise funds for housing and consumer durables at a time when commercial banks were still exclusively commercial lenders.〔Shay (1992)〕 Building societies were formed as small temporary societies by worker co-operatives, pooling resources to build local houses and subsequently allocating them among members by drawing lots. Once all members were housed, these organisations were typically wound up, although some became permanent societies in an effort to promote wider home ownership, as exemplified by the Leeds Permanent Building Society.〔Anonymous (1994b)〕 The first recorded credit union in the United Kingdom was formed in Derry, Northern Ireland, in 1960. Inspired by the formation of the first credit unions in the Republic of Ireland, six individuals pooled their savings and formally established the Derry Credit Union. In Great Britain modern day credit unions emerged in the mid 1960s in London and Scotland. The first recorded British credit union was the Hornsey Co-operative, established 1964 in North London by Caribbean families, and is the foundation of what is now London Capital Credit Union. Credit unions were popular in the Caribbean and large numbers of first generation Caribbean-British would become members of credit unions. By 1998 38 percent of Caribbean British adults were members of credit unions. In Scotland several credit unions were established by immigrants from Ireland. In Glasgow credit union coverage and membership remains broad: One in six Glaswegians is member of a credit union, with nine employee credit unions and 25 community credit unions serving the city. The Credit Unions Act 1979 for the first time regulated credit unions in the UK.〔http://www.legislation.gov.uk/ukpga/1979/34〕 The Act required that all credit unions in Scotland, Wales and England register with the Registrar of Friendly Societies, who was responsible for ensuring that credit unions had a "satisfactory" common bond and adhered to common set of rules. The registrar was tasked with monitoring the activities of credit unions, who had to submit quarterly and annual returns to the registrar. The Act allowed the registrar to suspend a credit union's operations, strike credit unions off the regsitry and prosecute illegal financial acivity by a credit union. The years immediately following the passing of the act the number of credit unions increased significantly. In 1982 73 credit unions were registered. From the late 1980s to early 1990s the registration of credit unions surged, increasing fourfold between 1987 and 1994. Between 1994 and 2000 a large number of small credit unions closed or merged with other credit unions. In 2000 660 credit unions were regarded officially registered. A further 220 credit unions had failed to submitted their annual return to the Registrar. In 1980 the first credit union was registered in Wales. The St Therese’s Credit Union served the Catholic community living on a housing estate in Port Talbot. In the 1990s membership of credit unions in Wales grew as credit unions helped to deliver anti-poverty and financial inclusion policies in cooperation with local authorities and national charities. By 1997 31 credit unions were registered in Wales. Following mergers between smaller credit unions the number of registered credit unions in Wales reduced to 26 by 2010. Between them the 26 credit unions achieve all-Wales coverage. According to Bank of England figures, the number of credit union members in Britain nearly doubled from 562,000 in 2004 to almost 1.04 million in 2012, while total assets increased from £432m to £956m. However, the number of active credit unions in Britain fell from 565 in 2004 to 390 in 2012. Some merged with rivals but others ceased trading, at least fourteen of them between January 2012 and July 2013.〔 〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Credit unions in the United Kingdom」の詳細全文を読む スポンサード リンク
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