Mission
Credit unions are regulated and supervised at the national level, however EU legislation increasingly impacts the credit union movement. In order to ensure appropriate and proportionate regulation for credit unions, six European associations and the World Council of Credit Unions comprise European Network of Credit Unions. The network serves as a platform to exchange information and speaks with one voice on European matters. More concretely, the objectives of the network are to:
- Educate EU policymakers on what a credit union is, how it is structured and what services it provides
- Raise awareness of the social role credit unions play, both in European countries and worldwide
- Formulate positions on EU policies identified as highly important to the credit union movement
- Advocate these positions vis-à-vis EU decision-makers
- Engage in an open dialogue with policymakers and other stakeholders
Members
The European Network of Credit Unions’ members are:
ABCUL is the Great Britain's trade association for more than 300 credit unions, which combine for a total of over 500,000 members. Credit unions affiliated with ABCUL hold €456 million in savings and €596 million in assets.
FEDCAR was founded in 2004 and represents 15 member institutions serving more than 60,000 members across the country. Romanian credit unions combine for a total amount of €22.5 million in savings and €28 million in assets.
EUCC was founded in 1999 as the national trade association for 10 credit unions in Estonia. Estonian credit unions have over €5.2 million in savings and €11.9 million in assets.
The ILCU is the representative body for 508 credit unions in the Republic of Ireland and serving more than 3 million members. Irish credit unions hold €11.9billion of savings and €15.1billion in assets. They are Ireland's leading providers of social finance.
FULM Saving House represents a network of six branch offices across the country. The branches serve more than 8,000 members, most of whom would otherwise not have access to financial services. Macedonian credit unions hold totals of €2.7million in savings and €4.3million is assets.
SKOK represents Polish credit unions serving more than 1.6 million of people. There are about 67 credit unions in Poland, but the number of credit union locations makes credit unions Poland’s largest network of financial institutions. Polish credit unions hold about €2billion in savings and €2.2billion in total assets.
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