The funding of credit unions - Where has all the money gone?

Chambers, Clare; Ryder, Nicholas

Abstract

The aim of this article is to critically assess the impact of government funding upon the growth of credit unions in the United Kingdom (UK) in light of the unprecedented level of financial support provided by the Labour government since 1997. The article begins by defining a credit union and commenting upon their importance towards the reduction of financial exclusion. The article challenges the findings of several studies that have determined that external funding has limited the development of credit unions. This is illustrated by the use of four case studies.

• Journal Article Type: Article
• Publication Date: Dec 9, 2008
• Journal: Journal of Social Welfare and Family Law
• Print ISSN: 0964-9069
• Electronic ISSN: 1469-9621
• Publisher: Taylor & Francis (Routledge)
• Peer Reviewed: Peer Reviewed
• Volume: 30
• Issue: 3
• Pages: 243-252
• DOI: https://doi.org/10.1080/09649060802550717
• Keywords: credit unions, economic crisis
• Public URL: https://uwe-repository.worktribe.com/output/1009493
• Publisher URL: http://dx.doi.org/10.1080/09649060802550717