Scottish Universities Insight Institute : a development from the institute for advanced studies

a development from the institute for advanced studies

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Financing the Future: Achieving Sustainable Growth in Credit Unions

Credit unions in Scotland are typically small-scale, cooperative businesses, which operate within specific communities. Most credit unions are reliant upon volunteer directors, and offer a small range of products, so that membership and asset growth has been fairly limited to date.

There is a widely perceived need to codify and disseminate knowledge among credit union professionals, other stakeholders, including local authorities and housing associations, and the academic community. Recent work coordinated by the Church of Scotland highlights the potential for increased cooperation among credit unions and sharing of good practice across the sector.

This programme aims to generate awareness and support for credit unions as socially responsible lenders, which are accountable to the communities in which they are based, and so able to increase financial inclusion while operating as sustainable businesses. Specifically, the programme will explore how credit unions can increase membership sustainably by better understanding the needs of their members, providing information, guidance and advice and developing relevant product solutions. In addition, it will consider how credit unions might better manage financial and operational risk, and address the questions of governance, so that they remain accountable to their members and the communities in which they are based, while providing high quality financial services.

Information about the series: Financing the Future.

Workshop 1 -  'Responding to Challenges of Governance, Risk Management and Funding' -  took place on 17 April 2015.   The Programme and Presentations from the day can be viewed below.

Workshop 2 - 'Delivering on Membership Value'  - took place on 26 June 2015.  The Programme and Presentations from the day can be viewed below.

Workshop 3 - 'Managing Transformation' - 28 August 2015.  This event took place in the Scottish Universities Inisght Institute, Collins Building, University of Strathclyde.  The Programme and Presentations from the day can be viewed below.

A Consultation was held at the Scottish Parliament on 27th August 2015

For information about the series, click on the tabs below and the links on this page.

Programme Team

  • Programme Team
  • Workshop 1
  • Workshop 2
  • Workshop 3
  • Presentations & Documents

Final Report

Download the Summary and Final Report

Key Dates

Workshop 1
17 April 2015

Workshop 2
26 June 2015

Workshop 3
28 August 2015

Consultation Papers

Scottish Parliament: 27 August 2015

Programme and Background Papers