Like all credit unions Transave is a not-for-profit financial co-operative which
means that any operating surplus is normally distributed to members in the
form of a dividend on savings. It also means we’re not owned by shareholders like banks but instead, exist solely to serve the needs of our members.
Transave was founded in 1996 by worker directors of Mainline Group, a bus transport operator based in South Yorkshire.
Our ‘common bond’ which governs who is eligible to join the credit union, was initially limited to the employees of companies in the bus passenger transport sector. However legislative changes in 2012 allowed this to be extended to a much wider range of employers and industry sectors.
Transave is now partnered with over 60 organisations throughout the UK. Membership currently stands at over 16,000 and we have total assets in excess of £40 million.
To download our latest annual report please click here: