Sheffield Credit Union and Laser Credit Union have decided to merge, bringing together two financial cooperatives.
The aim of the merger is to create a stronger, more resilient credit union that can support more people.
Over the coming months, work will take place to bring both credit unions together. During this transition local offices will remain open and staff will be unaffected.
Paul Hancock, CEO of Sheffield Credit Union, said: “This is an exciting time for Sheffield Credit Union and our growing membership. By joining forces with Laser Credit Union, we are strengthening our ability to support members, and future members from South Yorkshire, in achieving their financial goals.
“Our commitment to providing fair and accessible financial services remains at the heart of everything we do, and this merger allows us to expand our reach and enhance our offering.”
Alan Teale, Chair of Laser Credit Union, said: “We are thrilled to be joining Sheffield Credit Union in this next chapter. This merger is an opportunity to build on the strong foundations both credit unions have established over the years.
“Together, we can provide even better financial support, products, and services to our members, ensuring a resilient and forward-looking credit union for the future.”
