Please Upgrade Your Browser To View This Site

Help us celebrate our 25th Anniversary

Sunday 18th Feb, 2024

 
2024 is a very special year for our Credit Union.  In June it’s our 25th Anniversary!
 
We’d love you, our Members, to suggest how we could celebrate this significant milestone.
 
Please email your ideas and suggestions to info@hullandeycu.co.uk

We look forward to hearing from you and working together to make our 25th Anniversary a great success.

Here's 25 years worth of things to celebrate!

It all began in the summer of 1998 when around 20 Hull City Council workers came together to start a new co-operative, the aim being to provide them and their colleagues with easy ways to save – direct from their wages – cheaper loans, and other not-for-profit services.  

The founders spent many months training and preparing to launch the Credit Union, which happened on 10^th June 1999.   The first ever loans were made to members who wanted to buy shares in Hull’s phone company - Kingston Communications - in order to keep it in local hands!

A year later, we had recruited our 1000^th member and paid our first ever Dividend.

In 2004, after a change in the law, we made the ambitious decision to expand into the wider community, and open up to anyone living or working in Hull or East Yorkshire.   Our plans were supported by the two Councils.

Over the next ten years, we opened branches in Bridlington, Driffield, Beverley, Goole, Withernsea and of course our main Brook Street building, which is owned by all our members!

We launched our website in 2005 and started our popular Christmas Saver club, after the Farepak hamper scandal.  We brought back School Banks, launched Community Accounts for organisations, won a National Marketing Award and gained the coveted Fairbanking Mark. 

In 2015 our friends at North Lincolnshire Credit Union decided to merge with us and then in 2021 we opened in Grimsby, enabling us to serve the whole Humber Region and beyond.

Our 25 year history contains many more interesting snippets but it’s perhaps more useful to mention some of the impacts we’ve had in that time.

We’ve helped over 15,000 people to accumulate £14 million in savings, many of whom had never saved before.  By doing so, they earned £1.6 million in Dividends, money that would otherwise have been sucked out of our region and possibly ended up as bankers bonuses.

We’ve issued 75,000 loans to the value of £55 million.  If only half of those loans had been taken out with doorstep lenders, the interest paid would have been £25million higher.  Instead, that money saved has gone back into our local economy.

And we’ve provided banking accounts and support for many people who may otherwise have struggled to get fair banking services close to home.

We’ve provided employment for 22 local people, all of whom receive at least the Real Living Wage.   Plus volunteering opportunities for a hundred more. 

We hope what you have read makes you feel that our 25^th Anniversary next year is well worth celebrating!

Share This Story