About Us
Our Mission
Our mission is to provide fairer finance in the form of a safe and easy way to save and access to affordable credit. We are a not-for-profit financial co-operative which means we’re not owned by shareholders, but by our members and exist solely to serve their needs. It also means that any operating surplus we make is returned to members through a range of convenient services and attractive rates .
Our History
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 one of the largest credit unions in the UK with over 21,000 members saving in excess of £50 million.
To view our highlights of 2021/2022 please click here:
Our Aims
- Promote the financial wellbeing of members by helping them to build up their savings
- Create sources of credit for the benefit of members at a fair and reasonable rate of interest
- Offer members guidance on the wise use of money and managing their financial affairs
Our Values
- Self-help: We help people help themselves
- Democracy: We give our members a say in the way we run our business
- Solidarity: We share interests and a common purpose with our members and other co-operatives
- Ethical values: Honesty, Openness and Social Responsibility
