Save, Borrow, Invest in Tomorrow

EdenSave members approve merger

EdenSave members approve merger

15 December 2016

EdenSave Special General Meeting approves merger

At at Special General Meeting of Eden Save Credit Union, held on the 14th December 2016, members approved two resolutions which enable the Board of Directors to apply to the Financial Conduct Authority for approval for the merger of Eden Save Credit Union and South Lakeland Credit Union by way of a transfer of engagements from South Lakeland Credit Union to Eden Save Credit Union.

Eden Save Credit Union is seeking approval to extend its common bond (the area in which it is authorised to operate) to add the area served by South Lakeland District Council to its existing area of operation, the area served by Eden District Council.

Eden Save Credit Union is further seeking approval to change its company name to Eden & South Lakeland Credit Union.

Subject to Financial Conduct Authority approval it is anticipated that the merger will be completed during the first quarter of 2017.