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.
There are two million credit union members in the UK and 217 million
worldwide in 103 countries, served by over 40,000 credit unions.
Transave was founded in 1996 by Dave Edwards and Charlie Clark, 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 now works with over 50 organisations throughout the UK. Membership currently stands at 14,000 and total assets at almost £30 million.
To download our latest annual report please click here:Annual Report