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Abstract
As member-owned, not-for-profit financial institutions, credit unions are an important instrument of public policy, particularly in pushing forward measures to tackle financial and social exclusion. Historically, the credit union movement in Great Britain has been hampered by a number of factors, including a lack of leadership, a cohesive identity and regulatory impediments. Recent legislative review and change has provided credit unions with the opportunity to grow and extend the scale and scope of services they can offer to their members. However, policy-makers should be aware that funding initiatives to support credit union development might undermine their self-help cornerstone and weaken the future development of the movement.
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Notes on contributors
Donal G. McKillop
Donal G. McKillop is a Professor of Financial Services in the School of Management and Economics, Queens University, Belfast. His research specialisms are financial institutions and markets.
John O. S. Wilson
John O. S. Wilson is a Lecturer of Management in the Department of Management, University of St. Andrews. His research specialisms are the economics of financial institutions and industrial organization.
