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Key partners

Details of the key partners we work with to achieve an effective and sustainable credit union movement.

The Welsh Government is committed to a vision shared with the credit union movement in Wales for a well managed, resourced, effective and sustainable movement that is inclusive and accessible to everybody living or working in Wales, to deliver credible and professional financial products and services.

Our key partners are:

Credit union liaison group

The credit union liaison group was established to maintain dialogue between the Welsh Government and the credit union movement.

ABCUL

The Association of British Credit Unions Ltd is the leading trade association for credit unions in England, Scotland and Wales.

ACE Credit Union Services

ACE Credit Union Services is a national credit union support organisation which has been in operation for a number of years. In Wales, 6 Credit Unions of the ‘Access to Financial Products through Credit Unions’ project are currently affiliated to ACE.

45 credit unions based in England, Scotland, Wales and Jersey are also affiliated.

Financial Conduct Authority

The Financial Conduct Authority (FCA) regulate the financial services industry in the UK. Their aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers. The FCA have rule-making, investigative and enforcement powers that they use to protect and regulate the financial services industry.

Financial Services Compensation Scheme

The Financial Services Compensation Scheme is the UKs compensation fund of last resort for customers of authorised financial services firms.