Why new thinking is vital for the future of credit unions

Can credit unions become a force in the current account market and mortgage lending?

The credit union sector has shrunk in recent years

Exploring new types of business is key to the “health and viability” of the credit union sector, according to a report published last week.

The report from the Credit Union Advisory Committee (CUAC) makes it clear that the future for credit unions requires a fresh approach from the sector.

The report is the culmination of CUAC’s review of the implementation of the recommendations made by the Commission on Credit Unions, a body established ...