About Us
Who are Transave?
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.
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 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:
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, Responsibility and Social Responsibility
