Our History


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.

We also began working with two new social impact investors, Fair4All Finance Limited and Altana Social Impact Partnership both of whom wanted to help us expand our reach to underserved communities.



We joined our new trade body UK Credit Unions, and partnered with the Illegal Money Lending Team England to train all our customer facing staff to spot the signs of Loan Sharks, consistent with our goal of fighting financial exploitation. We were winners in the 2023 MoneyComms Awards for the Best Specialist Savings Provider category.



We were winners in the Moneynet 2024 Awards (as Best Specialist Savings Provider).



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.