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Authorisation & Regulation

Authorisation & Regulation


West Cheshire Credit Union strives to meet the highest standards of corporate governance. We work hard to ensure we comply with all our regulatory requirements, as well as meeting best-practice credit union standards in line with our member-ownership and mutual ethos.

West Cheshire Credit Union Ltd is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. Our Firm Reference Number is 227415. You can check our details on the FCA Mutuals Register at

We are members of the Financial Services Compensation Scheme which covers deposits up to £85,000.  Details of the scheme and the protections offered can be found here or by visiting their website at


Credit Unions in Great Britain are set up under the Credit Unions Act 1979 and the Co-operative and Community Benefit Societies Act 2014 (formerly the Industrial & Provident Societies Act 1965). Our Mutuals Registration Number is IP00702C (at Companies House) or just 702C on the FCA Mutuals Register at

Financial Information

Financial information, including Annual Accounts, are prepared for the benefit of our members, and our auditors report in accordance with the Credit Union Act 1979. Our financial year end is 30th September each year.

Rules of Membership

The Common Bond under which the West Cheshire Credit Union is geographical and anyone who lives, works, studies or volunteers within Cheshire is eligible to join.   

General Meetings

Formal General Meetings of members of West Cheshire Credit Union are called annually to discuss the financial performance of the credit union, new developments and changes, elect directors and committee members and agree if a dividend is to be made.


It is also possible to hold Special General Meetings - these are held to deal with any formal business of the credit union which arises outside the AGM cycle which is too urgent to wait for the next AGM.


Members are notified about General Meetings according to the Rule Book. Only West Cheshire Credit Union members aged 16 and over as well as invited guests may attend a General Meeting.