A credit union is a financial co-operative owned by its members. It is a “not for profit” organisation which offers savings and affordable loans to its members. Credit unions work by members saving together to create a pool of money from which loans can be made at fair and reasonable rates of interest, with any profits retained or paid to savers as a dividend.
Lewisham Plus Credit Union Limited was founded in 1992. We were formerly known as ACTS CU Limited and merged with Deptford and New Cross Credit Union Limited in 2010. In September 2023 we merged with Crownsavers Credit Union Limited. Crownsavers was launched in 1997 and was originally known as Lewisham Employees' Credit Union. It was led by Dolores Beckford, a much admired leader and an active participant in the wider credit union community, until her untimely death in 2020.
We serve over 15,000 adult members, over 1,350 junior savers, and over 50 corporate members through our five local branches based in Catford, New Cross, South Lewisham, St Paul's Cray and Sydenham. Anyone who lives or works in the London Boroughs of Lewisham or Bromley or in the SE19 post code can join, as can anyone who works for one of the following organisations:
We conduct our business in a way that is ethical and contributes to the social and economic wellbeing of the communities that we serve.
Our individual and approachable service is volunteer led but professionally managed. We exist for you and because of you.
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VISION STATEMENT AND STATEMENT OF OUR CORE VALUES AND OBJECTIVES
To promote financial inclusion and be a trusted and preferred provider of financial services in Lewisham and Bromley
We are a member of the Financial Services Compensation Scheme (FSCS). The FSCS pays compensation to depositors if the credit union is unable to meet its financial obligations. Depositors including individuals and small businesses are covered by the scheme by up to £85,000.
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Lewisham Plus Credit Union Limited is a member of the Financial Services Compensation Scheme (FSCS), complies with the Data Protection Act 1998 and is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Firm reference number 213588. Credit Union Registration Number 295C (IP00295C at Companies House).