Leeds City Credit Union Ltd

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Leeds City Credit Union Limited is a not-for-profit member-owned financial co-operative, formed in 1987 and based in the West Yorkshire city of Leeds. White Rose Credit Union, of Wakefield, and Your Loan Shop are trading names of Leeds City Credit Union.HistoryThe credit union began life as the Leeds City Council Employees Credit Union, offering savings and loans to local authority staff. In 1997, it became a community credit union, open to everyone living or working in the local authority area.Leeds is the second largest metropolitan borough council in the UK with a population of 800,000. While continuing to serve members from 2006 to 2008, Leeds City Credit Union experienced a number of management and governance challenges. This led to an independent review of governance and the appointment of a new management team and a number of new directors.Since 2009, Leeds City Credit Union has re-emerged as the country's largest credit union with over 35,000 members. In 2012, members adopted a new constitution to take advantage of The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2010. This has given the credit union new powers including the ability to extend its common bond to employers and organisations outside Leeds, to offer business accounts and interest on savings. In 2013, Leeds City Credit Union selected Intermarketing Agency as its marketing agency, following a pitch process.In 2014, Lloyds Banking Group piloted a project in conjunction...