Credit union’s record lending in first quarter ‘shows the scale of demand’
Leeds Credit Union has underwritten £3m of lending in the first three months of 2026, with a record £1.2m lent in March alone.
The credit union estimates the lending could save borrowers across Leeds £2.3m in high-interest repayments compared with high-cost doorstep lenders.
The record quarter comes as the government backs a new £30m Credit Union Transformation Fund through Fair4All Finance, alongside plans to change membership rules to help credit unions grow.
James Brown, chief executive of Leeds Credit Union, said: "Th... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
