Tel: 0161 231 5222 Email:

21 August 2017
About Us

For People, Not Profit

MCU is a member owned financial co-operative, owned and controlled by its members, and has been in business for 25 years. It exists solely for the benefit of its members and any surplus generated is returned to members in the form of a dividend on savings, or used to improve services.

MCU is open to anyone who lives or works in the City of Manchester, Bury, Rochdale, Tameside, Trafford and the High Peak. Please see our membership section for full details of who can join.


Manchester Credit Union is governed by volunteer Board of Directors, who are elected by the membership at the Annual General Meeting. In addition to the board we also have a Finance and Governance Committee and Credit Committee. These committees are made up of directors to oversee specific aspects of Governance and accountability.

All Directors and senior managers are individually approved by the PRA & FCA as Ďfit and properí.


Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA)

Manchester Credit Union, in common with all UK Credit Unions, is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. Our Firm Reference Number (FRN) is 213400.



We use professionally qualified internal auditors who work in conjunction with our Finance and Governance Committee to plan and carry out an annual audit plan. This is to provide assurance that our internal control processes are adequate and that they are working effectively.

We also have External Auditors, currently Hallidays LLP, who perform an annual inspection of the credit unionís business and report to the members at the Annual General Meeting each year.

See our Frequently Asked Questions for more information on our products and services:


Credit Unions in the UK

There are over 330 credit unions affiliated to the Association of British of Credit Unions (ABCUL) throughout England, Scotland and Wales.

In the UK some 520,000 members have recognised the value of credit unions and have savings over £400 million with their credit unions. There are thousands employed in the sector and many more thousands are volunteers.

Click here to read about the history of credit unions.

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Manchester Credit Union Tel: 0161 231 5222 Email:
Authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. FRN: 213400