Churches' Mutual Credit Union Limited is a not-for-profit member-owned financial co-operative, based in Gloucester and operating throughout the United Kingdom.
[3][4][5] In 2016, the General Assembly of the United Reformed Church agreed to join,[6] and, in 2017, the common bond was extended to the Roman Catholic Church in England and Wales and in Scotland.
[9] The credit union also has a lobbying role and aims to eventually offer the service to all active members of the churches.
[10] A member of the Association of British Credit Unions Limited,[11] registered under the Industrial and Provident Societies Acts, Churches' Mutual Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and PRA.
Ultimately, like the banks and building societies, members' savings are protected against business failure by the Financial Services Compensation Scheme.