LCCU is governed by a board of directors who are elected by the membership at its AGM. All directors and senior managers are approved by the Prudential Regulation Authority & Financial Conduct Authority to ensure they are both competent and committed and will act with transparency & integrity in complying with regulatory and prudential standards. LCCU’s board meet the financial reporting rules and requirements for good governance set by the PRA & FCA and they comply with all law, standards rules, operating principles and other regulations applicable to credit unions.
LCCU in common with all UK Credit Unions is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA).
Our firm reference number (FRN) is 213404