About Us

Credit unions are financial co-operatives, owned by their members and united by a “common bond”.  In the case of the Enterprise Credit Union, the common bond is membership of either the North London Enterprise Club or the North London Chamber of Commerce.  The employees of member organisations may join, as may the partners or spouses of members, and their children over 18 years old.  The Enterprise Credit Union is proud to number among its members many employees of Enfield Council, as well as the staff of a number of large companies in the area.

The Enterprise Credit Union was the first credit union in the United Kingdom to be formed by a business club, and has now been successfully lending money to North London businesses, and their staff, for ten years.

Because of its success, the credit union has attracted additional funds to lend to groups unable to borrow from conventional sources.

Whether you are investing in a new business asset, or saving for a rainy day, a holiday, a wedding, a new baby or something for the home, the credit union can help.

The credit union operates under the Credit Union Act 1979, and is authorised and regulated by the Financial Services Authority.  It is part of a worldwide movement covering 80 countries, with nearly 40,000 credit unions and an estimated 100 million individual members.

The Common Bond

A credit union is a savings and loans co-operative. It is owned by its members for the benefit of those members, and united by a 'common bond'.

In the case of The Enterprise Credit Union the common bond is membership of either the North London Chamber of Commerce or the North London Enterprise Club. The employees of member organisations may join (the London Borough of Enfield is a member, for example). So too may their partners or spouses, and their children over 18 years of age.