Nelson Credit Union began on St George’s Day at St George’s social centre on Vaughan Street.
On April 23rd 1982, a Saver Group was launched with just 15 members and the first collection produced a total of £75 in share savings. We registered as Nelson Community Credit Union (NCCU) on August 31st in 1982.
Having enjoyed success after success, it was agreed that the benefits of NCCU should be available to the whole of Pendle, and in October 2005 NCCU merged with Colne & District Credit Union to form Pendle Community Credit Union. On the 1st October 2013 Pendle Community Credit Union merged with Burnley Area Community Credit Union to create Pennine Community Credit Union.
Now with well over 5,600 adult members who have collective savings of over £5 million, and since its creation we have lent out over £40 million to local people! PCCU’s assets now amount to more than £5.6 million
PCCU has seen many progressive developments since it was created. Originally operated by dedicated volunteers we have progressed to having 15 paid members of staff who are still assisted by volunteers. This enables PCCU to provide our savings and loan accounts to more people in the community from our three branches.
We have also made it easier to deposit at PCCU accepting standing orders, a range of benefit payments, cheques and cash. We increased the number of savings accounts after members expressed feedback relating to saving for Christmas, holidays and the need for budgeting for bills.
Developments on the loan application process has made it far easier and convenient for account holders to apply for loans; account holders can apply on the secure online accounts area, via telephone or in person at any of our branches.
As a financial co-operative that operates solely for the benefit of the local community we are always looking for ways to improve. If you have any suggestions please get in touch.
Here’s to another 35 years!
People helping people