21 May 2024
Special General Meeting
We hereby give notice of a Special General Meeting of Manchester Credit Union Ltd
Time and date: 3.30pm on Tuesday 4th June 2024
Venue: By Zoom Conference: Register here: https://us06web.zoom.us/webinar/register/WN_zhUZeunjTGyKl6-_euLp1Q
Only one motion is to be considered at this meeting:
“This meeting agrees that Manchester Credit Union extend the field of membership to cover anyone who resides or works within the Greater Manchester Combined Authority or the High Peak, and approves the adoption of a new rule book redefining the common bond accordingly.”
Why are we expanding the common bond?
Meeting unmet needs
To serve the many people we know want to join the Credit Union but are currently living in an area where they cannot access our services
Matching local neighbourhoods
The current common bond cuts right across some well-established neighbourhoods. As a community organisation our priority is to support local communities and this is best achieved by expanding beyond the current boundaries.
Questions?
What is a common bond?
Each credit union must have something that binds its members together. This is known as the common bond or field of membership. You can only borrow or save from Manchester Credit Union if you meet this criteria
What about other credit unions?
Manchester Credit Union is a co-operative. One of the seven principles of a co-operative is cooperation amongst co-operatives. MCU will not be competing with other credit unions in any of those areas
