The Lincolnshire Credit Union Limited is a not-for-profit member-owned financial co-operative, based in Lincoln and operating throughout the county in the English Midlands.
The North Kesteven Credit Union was formed in 2001, adopting its current name in 2004, when the then Financial Services Authority agreed to an expansion of the common bond allowing the credit union to operate within the administrative county of Lincolnshire.
In 2009, the board met with the directors of Lincoln Credit Union, which had been serving members in the city of Lincoln since 2001, and agreed that the best interests of the whole Lincolnshire community would be better served by merging the operations of both organisations.
[3] A member of the Association of British Credit Unions Limited,[4] registered under the Industrial and Provident Societies Acts, The Lincolnshire 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.