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Credit union for Polish community getting ready to launch

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04 Feb 13

A credit union for members of the Polish community in Britain has applied for registration, following over 2 years partnership working between ABCUL, the Association of Polish Engineers In Great Britain (APE)* and the Polish credit union system, SKOK. 

An application for registration was made to the Financial Services Authority (FSA) in December. If approved, Polish Credit Union UK (PCU – UK) will be open to individual and corporate members of the APE across Great Britain. Based in West London, the APE has a wide membership of professional and technical people and those of Polish origin living in the UK.

PCU-UK is to receive financial backing from SKOK who have pledged a significant investment in the form of a subordinated loan. Mr Grzegorz Buczkowski of SKOK said: “We are very excited about this opportunity to bring credit union services to the large and dynamic Polish community in the UK.  Credit unions serve more than 2 million members in Poland and we are proud to be able to share our experience and provide support to the excellent and committed initiative group of APE in order to help them build a credit union which – we are sure – will become a crucial part of the Polish community.”

Subject to a positive response from the FSA, the PCU-UK shadow board is now planning to recruit an operational team to be based at their West London location. Key to this team will be the appointment of a General Manager.

Mr Krzysztof Ruszczynski, Vice-President of the APE & Vice President of the Working Group for Registration of PCU– UK, said: “We would like to extend our thanks to colleagues in ABCUL who have supported, trained and guided us in this great adventure.”

Informal expressions of interest for the General Manager position are invited in anticipation of the formal recruitment process. For an informal discussion and further information please contact Mr Krzysztof (Chris) Ruszczynski at kris.ruszczynski@hotmail.co.uk or Helen Mason at hm@citysense.co.uk

Further information on the Polish Credit Union UK can be found at: www.polishcu.co.uk

* Stowarzyszenie Techników Polskich w Wielkiej Brytanii

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