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Tel: 0114 243 8437 Email: enquiry@transaveuk.co.uk

NewsTransave celebrates 20th anniversary
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3-April-2017
Transave celebrates 20th anniversary

TransaveUK is celebrating 20 years in business and its rapid growth from small beginnings to become one of the UK’s leading Employer credit unions.

Originally launched by Worker Directors at Mainline (now First Bus) in South Yorkshire to provide an alternative source of finance for colleagues requesting salary advances, TransaveUK now has over 11,000 members. Savings deposits are currently in excess of £19 million and it has loaned out over £100 million to members during its 20 year history.

TransaveUK has also been able to return over £3 million to members as dividend payments on their savings during this period and estimates it has also saved them over £7 million on loan interest charges, a total benefit to members of over £10 million.


Although the bulk of the credit union’s members are still employed in the Bus Passenger Transport industry TransaveUK has been successful in expanding its operations to include other sectors. Employer partners currently include First Bus, Stagecoach, South Yorkshire Police and Doncaster and Bassetlaw Hospitals NHS Trust.

Rachael Hardman Jones TransaveUK’s CEO commented:  My personal thanks go to TransaveUK's Board and staff together with all our members for helping to achieve today's excellent position. However at this significant time we should remember that 20 years ago it was the vision of TransaveUK’s founder Dave Edwards which started this journey for us.  We are now able to look forward in confidence to a further period of major expansion and success in the future”.

 


  • Transave Credit Union
  • Tel: 0114 243 8437
  • Email: enquiry@transaveuk.co.uk
  • Web: www.transaveuk.co.uk
At Transave we provide a fair return on your savings, and access to affordable credit. We operate in an ethical manner for the mutual benefit of all members, keeping our policies clear, simple and fair for all. If you have a questions regarding any aspect of our policies or procedures please contact us: rachael.kershaw@transaveuk.co.uk

Transave is authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.