Cumbernauld Central Credit Union
in the United Kingdom 🇬🇧
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About Cumbernauld Central Credit Union in the United Kingdom
Cumbernauld Central Credit Union is a community-based financial co-operative serving residents and workers in the Cumbernauld area of North Lanarkshire, Scotland. As a member-owned credit union, it operates on a not-for-profit basis, providing savings accounts and affordable loans to its members. The credit union is regulated by both the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), ensuring members receive the same protection as they would from traditional banks or building societies.
Credit unions in Scotland have played a vital role in promoting financial inclusion since legal structures for credit unions were established in the UK in 1979. Cumbernauld Central Credit Union continues this tradition by offering ethical financial services to the local community.