Welcome to the NHS Credit Union
Like all credit unions, the NHS Credit Union is a financial co-operative, owned and controlled by its members, by choosing to save or borrow from a credit union you will see:
The links on this page will allow members – or anybody interested in the NHS Credit Union – to access more details of our financial performance over the years.
The NHS Credit Union is led by a volunteer board of directors who give their time FREE, to further the development of the organisation. Day-to-day member services are provided by the staff team based in our office in Govan.
The NHS Credit Union is run by volunteer directors who represent a wide range of NHS employees. Any member can seek election to the board. There is a good level of training, covering areas such as UK financial services regulations, governance and risk management.
Any members interested in seeking election to the board should contact the NHS Credit Union Chief Executive Officer, Elaine Rae, by emailing elaine.rae@nhscreditunion.com
The current board members are:
Chair: Jane Anderson
Vice-Chair: Tom Waterhouse
Secretary: Margaret Hopkirk
Treasurer: Gordon McKay
Directors: Josh Cairns, Kenny Woods, Rakiya Suleiman, Robert Rae, Liz Degning, Robert Foubister
Chief Executive Officer – Elaine Rae
Chief Operating Officer – Stephen Mooney
The NHS Credit Union was started in November 1998 by founder member Robert Rae in his role as UNISON Branch Secretary of the Southern General Hospital, Glasgow.
In its first 12 months, the credit union issued 260 loans with a total value of just over £123,000. The largest single loan was for £2,000.
Since then, we have expanded dramatically, and from our Glasgow office, we now offer a wide range of financial services to more than 22,000 NHS employees and their family members, as well as NHS contractors, from Shetland to Sheffield.
The credit union is run by a board of volunteer directors, who oversee a staff of 18 people. We are authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Our registered name and address is NHS (Scotland and North England) Credit Union Ltd. Pavilion 3B, Moorpark Court, 9 Dava Street, Glasgow, G51 2JA.