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TransaveUK passes £30 million assets milestone

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18 Jan 19

Following a period of continued growth TransaveUK Credit Union has been able to celebrate the New Year in style by reaching £30 million in assets for the first time.

Transave is also pleased to report that despite operating in an increasingly competitive lending environment 79% of assets are represented by loans to members, with current loan balances standing at almost £24 million.

Achieving these key metrics comes at an exciting time for Transave with a number of new product launches and technology driven service improvements planned for 2019.

Rachael Hardman-Jones, CEO thanked all those involved in the success of the credit union. Rachael commented: “Everyone is extremely proud of this achievement and I would like to thank all staff, directors members and everyone else involved. We all look forward to hitting our next milestone of £35million in assets really soon”.

Transave is a leading employer credit union working in partnership with over 50 companies throughout the UK including First Group, Jewson, South Yorkshire Police and the NHS. In August the credit union received its 5-star Fairbanking Marks for their loan products achieving its 5 star mark.

To receive the Fairbanking Mark, Transave proved that a significant percentage of members using their loan products found it useful in helping to improve their financial wellbeing through factors like helping them to manage their money better and to achieve their saving goals.

Rachael thanked staff for their continued commitment to the members of Transave, Rachael said: “Everyone at Transave Credit Union is overjoyed at being awarded the 5-star Fairbanking Mark. Obviously, this achievement reflects very well on those connected with the credit union, their hard work and dedication. But even more importantly, it is recognition that the financial wellbeing of its members is hardwired into Transave’s DNA”.

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