Abbey Credit Union
in the United Kingdom 🇬🇧
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About Abbey Credit Union in the United Kingdom
Abbey Credit Union is a community-based, not-for-profit financial cooperative serving residents of Antrim and Newtownabbey in Northern Ireland. As a member-owned institution, it operates on the principle that members pool their savings to provide affordable loans to one another. With approximately 2,492 members as of September 2024, the credit union holds around £4.4 million in shares (savings) and £1.4 million in loans.
The institution is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority (FRN575635). Members' deposits are protected up to £85,000 under the Financial Services Compensation Scheme.