Credit Unions
Commons · Question 31915 · Tabled 21 Feb 2025 · Treasury · Official record
Answered 3 Mar 2025
Question
Asked by Mark Garnier
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of taking legislative steps to allow credit unions to access the Bank of England’s liquidity facilities.
Answer
Answered by Emma Reynolds, 3 Mar 2025
Credit unions are not currently eligible to access the Bank of England’s liquidity facilities, but the Bank continually assesses the types of firms that are eligible. The Government has made clear its strong support for the credit union sector, recognisin...