The English Politicians’ Guide: Credit Unions – Helping everyone afford their daily lives explains the role of credit unions in England as member-owned financial co-operatives. It highlights how they provide safe savings, affordable loans, payroll deduction schemes, and financial education, while supporting people who might otherwise rely on high-cost lenders. The guide also outlines how local politicians and employers can strengthen credit unions by raising awareness, encouraging partnerships, and supporting sustainable growth. It emphasizes the social and economic benefits credit unions bring to communities and calls for supportive government policy and investment.

In addition, the guide presents evidence of the growing scale of credit unions, showing how nearly one million people in England are already members, collectively saving over £1.2 billion. It compares the cost of credit union loans with high-cost alternatives, demonstrating significant savings for borrowers. The guide also stresses the importance of digital innovation, accessible premises, and employer partnerships—such as payroll deduction schemes with the NHS, Royal Mail, and other large organisations—in ensuring credit unions remain sustainable and competitive. Finally, it sets out policy asks for government, including a national financial inclusion strategy, a capital support fund, and greater legislative flexibility, to allow credit unions to expand their reach and better serve diverse communities across the country.

You can download the English Politicians Guide from us here at Wave Community Bank  from our direct Download Guide link.