On the day the government announced its reforms to credit union membership rules, we were proud to welcome Economic Secretary to the Treasury Lucy Rigby MP to our Peckham head office.
Lucy joined a roundtable with London credit union and mutual sector leaders. These included our CEO Lakshman Chandrasekera, representatives from the Building Societies Association, the National Credit Union Forum, and ABCUL, and fellow London credit union CEOs.
As Economic Secretary to the Treasury, Lucy leads on financial services policy for the government. This includes the Financial Inclusion Strategy and the government’s commitment to growing the financial mutuals sector.
She said:
“These reforms will help more people get access to affordable credit and a safe place to save, so families have a real alternative to high-cost credit. We’re delivering on our manifesto pledge to grow the mutual sector by backing credit unions to expand and serve more communities.”
After the roundtable, Lucy toured our Peckham offices. She spoke with our Deputy Head of Lending Violeta Velaj and Head of Credit Control Nelanka Perera. She also took the time to sit down for a cup of tea with one of our longest-standing members, who has been with London Mutual Credit Union since 2012.
We were delighted to welcome her to Peckham. The visit was a chance to show what a credit union looks like in practice — the members we serve, the loans we make, the difference it adds up to over more than four decades. These are changes the credit union movement has long called for, and we were thrilled that Lucy chose to come to our office in Peckham to announce them.
It is an exciting time for London Mutual and for credit unions across the country. We welcome the government’s commitment to seeing the sector grow, and look forward to seeing what these reforms make possible.
