MANCHESTER, England (8/2/12)--A new shared business model project for British credit unions to help strengthen the credit union movement already has 60 credit unions signed up, said the Association of British Credit Unions Ltd. (ABCUL) Monday.
ABCUL is developing the project with Cornerstone Mutual Services and credit unions to increase collaboration in the sector (ENP Newswire July 31).
"The more than 60 credit unions that have signed up so far have shown great leadership in coming together to realize the sector's long-held vision for British credit union development," said ABCUL Chief Executive Mark Lyonette.
"This project is a great opportunity for credit unions in Britain to come together and develop the shared business model and services which could significantly grow our movement and bring the benefits of credit union membership to many more people across the country," he said. "Across the world, the most successful credit union movements have reaped the benefits of greater collaboration bringing about significant growth for their sectors."
ABCUL had asked credit unions for expressions of interest in the proposed project by July 31. It plans to build a team of credit union leaders to steer the development of the shared business model.