Lincolnshire Credit Union is the local community focused savings and loans provider for anyone who lives or works in Lincolnshire

An ethical alternative for savers and borrowers

Our aim is to provide the best possible service to all our members. We do this by treating people equally, fairly and with integrity. We are proud to be part of the  FCA 'Treating Customers Fairly' initiative. If you feel that we have not provided you with the service you expect then please refer to our complaints process here

Helping to promote Financial Capability in the community and to combat Financial Exclusion is a major part of what we do.

What is a credit union?

Credit unions have been putting their members first and providing them with the financial services they need in the UK since 1964. There are now nearly 400 in Britain which together provide responsible savings and loans to over 1 million people and look after over £1 billion in assets.

• Credit unions work to benefit their members, helping to provide communities with affordable loans and savings products and by promoting thrift and the wise use of money.

 • Credit unions are financial co-operatives owned and controlled by their members.

 • Credit unions are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

 • Savings in a credit union are covered by the Financial Services Compensation Scheme, so the first £85,000 of a member’s savings is completely safe.

 • More than 90% of the British population can join a credit union because of where they live. Many more can join because of the industry in which they work (including the police, public transport, the postal service, NHS, local authorities and higher education).

 • Credit unions exist in over 100 countries around the world. Over 200 million people are served by 56,000 credit unions and the sector looks after over $1.7 trillion in assets.

Our Directors

Get to know our board of Directors

Chair

David Lynn

David has an honours degree in electrical engineering and spent his entire working career in the electricity supply industry, working in various project and middle management roles and studied for a diploma in management studies, before taking early retirement to establish a private part time consultancy. David brings project, people management and business skills to benefit the credit union.

Having a few days a week spare David’s interest in the plight of the financially excluded grew and so qualified and practiced as a debt adviser and budget coach for a number of years to release and turn around the lives of those caught in a spiral of debt. David had a growing interest in the credit union movement to help the vulnerable escape the grip of loan sharks and high cost lenders. He looked to develop a credit union offering a safe place for savings and affordable loans, firstly in his home town of Grantham, then across the local authority District, eventually establishing credit union services across the whole of the county of Lincolnshire over a period of nearly 20 years, 15 years serving as a director on the board in the role of Secretary.

David believes that Lincolnshire Credit Union has come a very long way since his early involvement as a director on the Board of North Kesteven Credit Union, serving only a few hundred members with assets of a few thousand pounds to where we are today, a strong, professionally run and managed financial cooperative / community bank, serving some 3000 members with assets of one and a half million pounds. David has stepped up to the role of Chair of the Board of Directors since the 2019 AGM, with the aim of making the business sustainable in the longer term to provide an easily accessible service to all who live or work in the county of Lincolnshire.

Treasurer

Charles Walster

Charles has worked, as a qualified accountant (Chartered Institute of Public Finance and Accountancy) in Local Government, both directly and also for companies providing services to Local Government, where functions have been outsourced.
He has worked both in a central finance department (County Treasurer’s Department or equivalent) and also in the finance section of a department covering highways and planning services.
He has been involved in Budget Preparation, Financial Control and production of Final Accounts, and has specialised in the use of Information Technology in those and other areas.
He has also served as treasurer of a school governing body.

Credit Unions came to Charles’ attention via press articles and radio programmes, particularly concerning initiatives by the Church of England; he became a member of Lincolnshire Credit Union in November 2013. Having more or less finished paid work, he was looking for an opportunity to use his accountancy and I.T. skills in some sort of voluntary capacity. These two strands came together when he joined the Board in the Spring of 2014.
In addition to serving as a Director, Charles is serving his second period as Treasurer of the credit union, having also served a short period as Secretary

In addition to informal skills acquired in doing the work of a director, he has also undertaken formal training: Director Training in November 2014 and April 2017; Anti-Money Laundering Training in 2015/16 and 2018/19; eXpresso sessions, run by the credit union’s trade association (ABCUL) on various subjects.

Director

Bev Finnegan

Bev Finnegan has worked in local government for 26 years and is currently Programme Manager for Community Engagement at Lincolnshire County Council. She is responsible for - ensuring that the advice and support on consultation and engagement activity is provided to service areas across the Council; delivery of services through grant funding agreements for volunteer support services and Citizens Advice; policy development for corporate complaints, customer insight, volunteer engagement and community engagement; and support to other 'projects' such as the Armed Forces Covenant and Prevent. Historically, Bev has volunteered for Citizens Advice and RELATE and played a brief volunteering role on a local Co-operative funding panel.

Raising three daughters as a single working parent in Grimsby led to a keen understanding of financial struggles. Now grown with children of their own, Bev's daughters live in Cleethorpes and London. Believing that learning is important throughout life, Bev completed a Masters Degree in Public Health in 2016; this included writing a dissertation on the Use of Food Banks on the Coast. Bev lives in Waddingham with her partner of eight years.

Director

Alison Goddard

Having graduated with a first class honours degree in Social Policy in 1997, Alison has worked with excluded and disadvantaged groups her whole working life. As CEO of a criminal justice charity working across the Midlands, Alison brings vast experience of both marginalised groups, and strategic management, HR and governance knowledge to the Lincolnshire Credit Union.

Through both her academic studies, including her Masters degree in Social Policy and Criminology, and her work experience, Alison has seen the importance of financial capability to wellbeing and to enabling individuals to fulfil their potential. Alison firmly believes that credit unions provide a vital resource for individuals who would otherwise be financially excluded and she is committed to maximising the reach of LCU across Lincolnshire.

As volunteer Director of Lincolnshire Credit Union, Alison brings her experience to support the development of the Credit Union for the benefit of people who live or work in Lincolnshire.

Director

Tarzem Shoker

I am currently working for the Lincoln International Business School heading up their marketing and corporate relations, my key responsibilities are to strategically drive recruitment, deliver key college events and build brand and reputation.
My past roles have included Head of Sales and Marketing for EMD a National Governing Body, Marketing Consultant for retail as well as Contract and General Management operating businesses in the leisure sector.
My education extends to an MBA, BA (Hons), DMI Diploma in Digital Marketing and Project Management. In my spare time I like to keep fit through running and I am a regular reader.

Our Chief Executive Officer

Get to know our CEO

Sarah Moseley

Born in Lincolnshire and having worked in the Financial Services sector for more than 28 years, Sarah brings to the Lincolnshire Credit Union knowledge of the County and a wealth of Banking, Customer Service, Corporate Engagement and Income Maximisation Experience.
The lack of financial stability during childhood led Sarah to reject her offer to study Politics at University and she started work at the age of 18.
With a fundamental belief that financial capability is a vital ingredient to people's overall wellbeing, Sarah actively promotes the difference that being financially resilient can make to people’s lives.

Sarah has previously volunteered with the Money for Life initiative and holds the National Skills Academy for Financial Services qualification in Financial Capability Facilitation Skills.

As CEO Sarah supports the Board of Directors in delivery of the Strategic Business Plan and manages the day to day activities of the Credit Union in accordance with the Credit Union policies and procedures, ensuring compliance with the current law as set down by the regulators. She is tasked with ensuring the Credit Union is managed and operated for the benefit and in the best interest of its Members.

Our Chief Executive Officer

Get to know our CEO

30/01/2019 - Credit Union Rules 

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22/11/2018 - Change account costs and usage details 

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Latest News

Community news and information

Local support groups given a huge boost
'Financial wellbeing groups will benefit from extra support thanks to more than £147,000 raised... read more

Five simple steps to start saving in 2019
'Saving can be tough, especially when money is tight, however having a buffer to fall back on can... read more

Dividend Payment
We’re delighted that the members approved a dividend payment of 0.1% at our recent AGM. Funds... read more