About Riverside Credit Union
Who are we?
Riverside Credit Union is a not-for-profit, member-owned, financial cooperative that exists for the benefit of a group of members who share a common bond. Riverside Credit Union was set up over a quarter of a century ago by the people of Speke and Garston in Liverpool. Starting out in various pubs, clubs, societies and church halls in the Speke and Garston area, we moved into our current premises in April 2014 where we continue to grow.
Our mission
It is Riverside Credit Union’s mission to provide every member with access to reasonably priced financial services and encourage the development of good financial practice.
Who owns Riverside Credit Union?
All the members of the Credit Union are owners of the Credit Union. If you save with us, then you ‘own’ Riverside Credit Union.
Who runs Riverside Credit Union?
Riverside Credit Union is run and organised by the members themselves along with elected officers. All Credit Unions are registered in accordance with the Credit Unions Act 1979 and regulated by the Financial Conduct Authority (FCA).
How many members does Riverside Credit Union have?
At present Riverside Credit Union has more than 4,600 active members. Membership is increasing each month.
Who can join Riverside Credit Union?
Anybody who lives or works in a Liverpool postcode area can request membership.
Is there a joining fee?
Yes, we charge a fee of £5.00. This covers the administration and the issue of your Engage Card. It also helps towards the cost of membership of our trade organisation, the Association of British Credit Unions Ltd (ABCUL), which supplies us with support on policy and development. We don’t charge an annual fee.
Are membership details kept confidential?
Yes. We are bound by the terms of the Data Protection Act, which means all transactions are confidential and all information about you is secure. All officers and volunteers who work at Riverside Credit Union have signed a declaration of confidentiality, so all members’ information is kept totally confidential at all times.