[12] In 2015, a merger with the small Rainbow Credit Union for Co-operative members and employees in London and the South East proved impractical;[13] it was placed into administration and ceased trading on 14 September.

[15] Credit unions form part of the wider international co-operative movement and can be found in 97 countries, with over 184 million members.

[20] In 2015, the Fairbanking Foundation awarded London Capital Credit Union five stars for personal loan products in its first Mark certifications.

Instead, they distribute any trading surplus to members in the form of an annual dividend calculated on average savings or as a rebate of loan interest paid (2% in 2023).

Ultimately, like the banks and building societies, members' savings are protected against business failure by the Financial Services Compensation Scheme.