Bradford District Credit Union celebrates 25 year anniversary
10 Aug 18
This week Bradford District Credit Union (BDCU) celebrated its 25th anniversary with a special event at Bradford’s City Hall.
BDCU was launched by Bradford Council in 1993, in response to difficult financial times, to help staff save and borrow from their Council pay packet. It has since become an independent organisation that offers its services to anyone in the district of Bradford.
BDCU still has strong ties with the Council and is still very much orientated around employer membership. Membership of BDCU stands at 6,500 with 50% of BDCU members saving directly through their payroll deduction scheme and 25% of members say that they would not get similar services elsewhere.
Invited guests included long-standing members, board members, staff from past and present and The Lord Mayor of Bradford, Councillor Zafar Ali. BDCU’s longest standing member, Sean McNulty, attended the event and talked to guests how being a member since 1993 has helped him through the most difficult and joyful times of his life. Sean said: “I’ve saved a lot during the good times, paying for holidays for the family, with affordable subs out of my weekly wage packet. In the harder times, when I have needed to take loans, they were always simple to repay.
“I am grateful to Bradford Council for setting up the credit union and I’m so glad my union encouraged me to sign up. Joining the credit union was the right thing to do for my family and has always been there for me”.
Guests will also hear from one member, Sherida who featured on ITV news this year about BDCU has helped her, as a mother of three struggling with everyday finances.
She descried her finances as in ‘really bad shape’ as she never seemed to have enough money to cover everything and was in debt. Financial Inclusion Officer at BDCU, Ian Brewer, first met her at a children's centre that partners with BDCU to help people better understand their finances and save money, 7 months later ITV covered Sherida’s story and how joining BDCU has helped her financially.
Speaking at the event, Lord Mayor of Bradford, Cllr Zafar Ali, said: “I am very proud to celebrate this long-lasting partnership between Bradford Council and Bradford District Credit Union. Thanks to the Council’s progressive thinking, some 25 years ago, and our great partnership with the credit union over the past two and a half decades, thousands of people have benefitted from manageable savings schemes and affordable loans. Happy anniversary to the credit union; long may your great work continue!”