Merthyr Tydfil Borough Credit Union (MTBCU) was established in October 1998 by community members who identified the need to tackle issues such as social and financial exclusion, unlicensed lenders (loan sharks) and regeneration.
In October 1999 our first collection point opened in Pontmorlais and in June 2002 the Credit Union secured funding to employ their first ever full-time member of staff.
By the time the Credit Union celebrated their 10th Anniversary we had moved locations a few times but in the May of this year we relocated to larger rented accomodation at the top end of Pontmorlais. This was our first "shop fronted" premises; membership was around 1,200; we had over 60 volunteers and 6 members of staff who were involved with the running of the business.
In 2010 the Credit Union were successful in securing funding from the Welsh Government and Merthyr Tydfil County Borough Council to purchase and refurbish premises within the Borough and in April 2011 the office was opened at 139 High Street.
Since the move the Credit Union has gone from strength to strength with over 4,800 members, 50+ volunteers and 9 members of staff.
Our most recent Refurbishment in 2016 brings us inline with other financial organisations on the high street making us more customer friendly and efficient.