Plaid Cymru Credit Union’s President Dafydd Wigley congratulates Compliance Officer
Colin Gregory on his long service to the Credit Union. The Compliance Officer ensures
that the Credit Union complies with existing and new legislation and regulatory requirements.
When he’s not busy in the office, Colin, a Pontypridd Town Councillor is also active
in the community as a school governor, a member of Neighbourhood Watch and sings
with Côr Meibion Pontypridd
Your Money is Safe with the Union -
Leanne Wood AM and Chris Franks AM
Members of credit unions share their finances through a mutual bond of common ownership.
Low interest loans are issued to members in amounts based on how much is saved. Credit
unions are well-regulated. The credit crunch has had no impact on credit unions because
they are not involved with risky investments.
The One Wales Government aims to ensure that all areas of Wales are covered by a
credit union. The more members a union has, the stronger they become and a wider
variety of services are able to be provided.
All members of Plaid can be members of the Plaid Credit Union. The minimum borrowing
requirement is £1 and your first loan can be secured very quickly
Board Secretary awarded Credit Union Studies HNC
by University of Glamorgan
Board Secretary Stuart Fisher was successful in passing HNC in Credit Union Studies
at the University of Glamorgan. After completing the 2 year course in 18 months he
was awarded his certificate with distinction at the Award Ceremony held in the University
in July 2008.
The Credit Union Board consider the attainment of this qualification by Stuart as
an indication of the professional way Undeb Credyd Plaid Cymru Credit Union operates
the organisation on behalf of the members.
The course included modules on the history of the movement in the UK and the world,
the law relating to employment in credit unions, the Financial Services Authority
and credit unions, the law relating to credit unions and aspect of English law relating
to credit unions.
The final part consisted of producing a report of 5000 words on a subject relating
to credit unions. For this project Stuart chose to highlight the work of volunteers
in the credit union movement in South Wales. This gave him the opportunity to visit
other community credit unions serving the valleys that provided useful contacts and
The credit unions in the valleys play a very important part in fighting financial
exclusion and eliminating loan sharks that prey on people unfortunate enough to be
caught in the poverty trap.
July '08: Ty’r Cymry Our New Home
Owen John Thomas, former AM for South Wales Central and Chair of Ty’r Cymry House
Committee hands over the keys for the Credit Union’s rooms in Ty’r Cymry to Alan
Jobbins, a founder member of the Plaid Cymru Credit Union.
In 1936 Mr Llewelyn Williams, a Vale of Glamorgan farmer made of gift of Ty’r Cymry,
which is in Roath as a meeting place and a work place for organisations, societies,
groups of people who are promoting Welsh and its interests. Today, it is in the hands
Ty’r Cymry was the home of Ysgol Sadwrn Gymraeg Caerdydd from 1943 to 1947. This
action led to the establishment of similar schools throughout Glamorgan and Gwent.
Over the years, Ty’r Cymry has been home to a number of institutions, including National
Union of Teachers of Wales [UCAC], the Welsh Evangelical Church, Yr Urdd, Parliament
for Wales Campaign, Celtic League [Wales Branch], Welsh Nursery Schools Movement
[MYM], the Movement for Christion Education Wales, Menter Caerdydd.
Groups presently using rooms in Ty’r Cymry include a Welsh Nursery Schools group,
a Welsh learners class, Cymdeithas Ty’r Cymry, a cultural society, Plaid Cymru [Central
Cardiff], and Cymdeithas yr Iaith.