We were founded as Shrine Cooperative Credit Union, to support local people in the north-west London Borough of Brent. Brent is the most diverse locality in Britain by country of birth, and the Credit Union was created by immigrant communities who wanted to support their neighbours.
From the very beginning, our founders set out with the same goal as we have today: to help improve the financial health of our members and our community.
We registered as a Credit Union serving the NW10 postal district in London.
Shrine Cooperative Credit Union became Brent Shrine Credit Union and we widened our common bond to the London Borough of Brent.
We took on the name My Community Bank, and adopted a digital model for serving our members.
We again expanded the common bond to include a wide range of jobs as well as membership of certain trade unions, and other organisations such as the Coop and National Trust, for people across Great Britain.
Our membership reached 5,000 for the first time.
Our loan book reached £50m for the first time.
We reached the milestone of the largest loan book of any UK credit union.
We became Britain’s biggest credit union by total assets, with over 50,000 members and assets exceeding £250m.
While we are now a nationwide Credit Union and the biggest in the UK, we are proud to have the same purpose as our founders: to fight financial exploitation and improve the financial wellbeing of the communities we serve.