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Credit Unions In The United Kingdom
Credit unions in the United Kingdom were first established in the 1960s. Credit unions are member-owned financial cooperatives operated for the purpose of promoting thrift, providing credit and other financial services to their members. Credit unions in the UK now offer a wide range of services to their members; including current accounts, payroll deductions, standing orders and insurance. Co-operative or mutual organisations engaging in cooperative banking, such as building societies, have existed in the UK since the 18th century. History Institutions known as mutual societies grew out of the friendly society movement of the 18th century, with the first mutual insurer, Equitable Life, being founded in 1762. Formalised under the Friendly Societies Act 1819, mutual institutions predated the welfare state and were formed to meet the needs of a growing urban working class. This communitarian self-help movement allowed small regular individual contributions to be pooled for mu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Scale
In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time. A decrease in cost per unit of output enables an increase in scale. At the basis of economies of scale, there may be technical, statistical, organizational or related factors to the degree of market control. This is just a partial description of the concept. Economies of scale apply to a variety of the organizational and business situations and at various levels, such as a production, plant or an entire enterprise. When average costs start falling as output increases, then economies of scale occur. Some economies of scale, such as capital cost of manufacturing facilities and friction loss of transportation and industrial equipment, have a physical or engineering basis. The economic concept dates back to Adam Smith and the idea of obtaining larger production returns through the use o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Inclusion
Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products. Financial inclusion efforts typically target those who are unbanked and underbanked, and directs sustainable financial services to them. Financial inclusion is understood to go beyond merely opening a bank account. It is possible for banked individuals to be excluded from financial services. Having more inclusive financial systems has been linked to stronger and more sustainable economic growth and development and thus achieving financial inclusion has become a priority for many countries across the globe. In 2018, it was estimated that about 1.7 billion adults lacked a bank account. Among those who are un-banked a significant number were women and poor people in rural areas a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Talbot
Port Talbot (, ) is a town and community in the county borough of Neath Port Talbot, Wales, situated on the east side of Swansea Bay, approximately from Swansea. The Port Talbot Steelworks covers a large area of land which dominates the south east of the town and is one of the biggest steelworks in the world but has been under threat of closure since the 1980s. The population was 37,276 in 2011. History Modern Port Talbot is a town formed from the merging of multiple villages, including Baglan, Margam, and Aberafan. The name 'Port Talbot' first appears in 1837 as the name of the new docks built on the south-east side of the river Afan by the Talbot family. Over time it came to be applied to the whole of the emerging conurbation. The earliest evidence of humans in the Port Talbot area has been found on the side of Mynydd Margam where Bronze Age farming ditches can be found from 4,000 BC. There were Iron Age hill forts on Mynydd Dinas, Mynydd Margam, Mynydd Emroch and other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Bond Of Association
The (common) bond of association or common bond is the social connection among the members of credit unions and co-operative banks. Common bonds substitute for collateral in the early stages of financial system development. Like solidarity lending, the common bond has since played an important role in facilitating the development of microfinance for poor people. In modern financial systems, common bonds remain a key building block, especially for the strategic networks that underpin many of Europe’s co-operative banks. How bonds work Hermann Schulze-Delitzsch, an early co-operative organizer, explained the concept of the ‘bond of association’ at credit union meetings in this way: In his book ''People’s Banks'' (1910), Henry W. Wolff summarized the character of this ‘common bond’ based on his observations of credit unions all over Europe: # many individuals bring small amounts of share capital into a common pool, which collectively amounts to significant base o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Registrar Of Friendly Societies
A registrar is an official keeper of records made in a register. The term may refer to: Education * Registrar (education), an official in an academic institution who handles student records * Registrar of the University of Oxford, one of the senior officials of the university. Government records * Registrar (law), the official in charge of a court registry, usually a judicial appointment * Registrar of Companies, India * Registrar general, government officer in Britain and Commonwealth nations concerned with civil registration * Registrar General's Department, the Government of Ghana agency responsible for the registration of companies and business * Registrar of the treasury, an office of the United States Treasury Department * County registrar, an official of the Irish Circuit Court who carries out quasi-judicial and administrative functions * Office of the Registrar of Indigenous Corporations, an Australian Government statutory office * Superintendent Registrar, the senior off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Unions Act 1979
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caribbean-British
British African-Caribbean people are an ethnic group in the United Kingdom. They are British citizens whose ancestry originates from the Caribbean or they are nationals of the Caribbean who reside in the UK. There are some self-identified Afro-Caribbean people who are multi-racial. The most common and traditional use of the term African-Caribbean community is in reference to groups of residents continuing aspects of Caribbean culture, customs and traditions in the UK. The earliest generations of Afro-Caribbean people to migrate to Britain trace their ancestry to a wide range of Afro Caribbean ethnic groups. African Caribbean people descend from disparate groups of African peoples who were brought, sold and taken from West Africa as slaves to the colonial Caribbean. In addition British African Caribbeans may have ancestry from various indigenous Caribbean tribes, and from settlers of European and Asian ethnic groups. According to the National Library of Medicine the average Af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Britain
Great Britain is an island in the North Atlantic Ocean off the northwest coast of continental Europe. With an area of , it is the largest of the British Isles, the largest European island and the ninth-largest island in the world. It is dominated by a maritime climate with narrow temperature differences between seasons. The 60% smaller island of Ireland is to the west—these islands, along with over 1,000 smaller surrounding islands and named substantial rocks, form the British Isles archipelago. Connected to mainland Europe until 9,000 years ago by a landbridge now known as Doggerland, Great Britain has been inhabited by modern humans for around 30,000 years. In 2011, it had a population of about , making it the world's third-most-populous island after Java in Indonesia and Honshu in Japan. The term "Great Britain" is often used to refer to England, Scotland and Wales, including their component adjoining islands. Great Britain and Northern Ireland now constitute the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Ireland
Ireland ( ga, Éire ), also known as the Republic of Ireland (), is a country in north-western Europe consisting of 26 of the 32 counties of the island of Ireland. The capital and largest city is Dublin, on the eastern side of the island. Around 2.1 million of the country's population of 5.13 million people resides in the Greater Dublin Area. The sovereign state shares its only land border with Northern Ireland, which is part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, St George's Channel to the south-east, and the Irish Sea to the east. It is a unitary, parliamentary republic. The legislature, the , consists of a lower house, ; an upper house, ; and an elected President () who serves as the largely ceremonial head of state, but with some important powers and duties. The head of government is the (Prime Minister, literally 'Chief', a title not used in English), who is elected by the Dáil and appointed by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northern Ireland
Northern Ireland ( ga, Tuaisceart Éireann ; sco, label= Ulster-Scots, Norlin Airlann) is a part of the United Kingdom, situated in the north-east of the island of Ireland, that is variously described as a country, province or region. Northern Ireland shares an open border to the south and west with the Republic of Ireland. In 2021, its population was 1,903,100, making up about 27% of Ireland's population and about 3% of the UK's population. The Northern Ireland Assembly (colloquially referred to as Stormont after its location), established by the Northern Ireland Act 1998, holds responsibility for a range of devolved policy matters, while other areas are reserved for the UK Government. Northern Ireland cooperates with the Republic of Ireland in several areas. Northern Ireland was created in May 1921, when Ireland was partitioned by the Government of Ireland Act 1920, creating a devolved government for the six northeastern counties. As was intended, Northern Ireland ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Derry
Derry, officially Londonderry (), is the second-largest city in Northern Ireland and the fifth-largest city on the island of Ireland. The name ''Derry'' is an anglicisation of the Old Irish name (modern Irish: ) meaning 'oak grove'. The old walled city lies on the west bank of the River Foyle, which is spanned by two road bridges and one footbridge. The city now covers both banks (Cityside on the west and Waterside on the east). The population of the city was 83,652 at the 2001 Census, while the Derry Urban Area had a population of 90,736. The district administered by Derry City and Strabane District Council contains both Londonderry Port and City of Derry Airport. Derry is close to the border with County Donegal, with which it has had a close link for many centuries. The person traditionally seen as the founder of the original Derry is Saint , a holy man from , the old name for almost all of modern County Donegal, of which the west bank of the Foyle was a part before 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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