Office hours Monday to Friday 9am-3pm
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Credit Union Limited
Oddfellows House, 184-186 Deansgate
Manchester M3 3WB
Telephone: 0161 214 4629 Fax 0161 214 4628
Manchester Unity Credit Union Ltd is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential Regulation Authority,
Reg No 213401
Credit Unions originated in Europe in the 1840s
Credit unions are co-operatives and were born out of a
need at the time of the Napoleonic wars when people were
suffering drought, famine and were migrating from farms to
city slums, and earning low wages in the new factories.
Many people played a part in setting them up - prominent
Was Fredrick William Raffeisen, a German wine merchant
Who when charity failed to alleviate the situation for the
Poor citizens of Flammersfield, he decided to organise them
Ona business-like basis and gave them the opportunity to
Work for themselves as a co-operative.
Another was Luigi Luzzati, an Italian who started with a
Chair, a table, £20 of his own money and £120 from
Interested friends. His office was the pavement in Milan,
And his organisation provided help to farmers and
labourers. He got support from the church and that gave
great impetus to the co-operative movement in rural areas.
Credit unions spread to North America in the early 1900s.
Despite the founding of the Co-op movement at about the
Same time by the Rochdale Pioneers, credit unions did not
come to this country until the 1960s, with the arrival of the
Caribbean and Irish immigrants.
The first legislation to regulate credit unions was enacted
The Manchester Unity Credit Union was formed from the
amalgamation of three credit unions operating in the
Midlands, Yorkshire and London areas.
Following the merger in 2001, our common bond was
Extended to cover England, Scotland and Wales.
A Short History