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Bank of England visits ESLCU

Bank of England Executive Director James Proudman visits ESLCU

24 August 2017

The Credit Union was delighted to welcome James Proudman, Bank of England Executive Director for UK Deposit Takers Supervision to our Penrith Office this lunchtime.

Mr Proudman, who is responsible for the supervision of the UK's banks, building societies and credit unions was on a fact finding mission to find out more about local community based credit unions.

Accompanied by three other colleagues from the Bank of England, Mr Proudman met with Eden & South Lakeland Credit Union Chair Adrian Rush and two fellow credit union directors, Fra Cooke (seen in the picture along side Mr Proudman) and Company Secretary Doug Elsby.

The wide ranging discussion covered the successes and challenges experienced during the Credit Union's first four years and also the regulatory framework within which the credit union operates.