Cardiff & Vale Credit Union originally began as South Glamorgan County Council Staff Credit Union in September 1996. As the name suggests, the original credit union provided services exclusively for employees of South Glamorgan Council. Following local government re-organisation, the name changed in 1998 to Cardiff County and Vale of Glamorgan Council Staff Credit Union, and again in 2002, to Paysaver (Cardiff & the Vale) Credit Union.
In subsequent years, the credit union broadened its membership by incorporating smaller community credit unions, including:
Following the incorporation of these community credit unions and the name change to Cardiff & Vale Credit Union, the organisation's membership gradually became more balanced. Today, we have over 7,500 members, with an equal split between members who join through a payroll scheme with their employers, and members who join us directly.
In 2013, the credit union agreed a radical strategic vision for the future, including considerably increased membership and modernising services for our members across all communities in Cardiff and Vale of Glamorgan, and staff who work for our payroll partners.
Demonstrating our commitment to growth and inclusivity, we moved offices in 2013 from County Hall to Marland House in Cardiff city centre, and opened a pop-up office in Barry at 21 Holton Road. These moves have allowed us to deliver more accessible services, and welcome many new members to our local revolution for ethical savings and affordable loans.
In July 2015, we will be moving to Central Library at the Hayes, which we hope will even further improve our accessibility.
Our vision is for a vibrant, self sustaining credit union, widely accessible and comprehensively representative of the diverse range of communities within our democracy, which:
If you would like to join the 7,500 local members already saving and borrowing with us, and want to join our local revolution, you can apply online for free membership.