Quaker Credit Union Project

We hope to establish a new Credit Union, to be called the “Simple Quaker Credit Union” (SQCU).

There is a growing concern amongst a significant segment of the users of financial services that they may be financing operations through their savings which are not consistent with ethical or community values.

The purpose of this Credit Union is to combine a fully-functional, virtual, web-based institution with a management ethos where ethics are the primary consideration: one that that members can trust without reserve.

United by a Common Bond aligned to Quaker values: simplicity, equality, honesty and fairness - savers and borrowers who join the Simple Quaker Credit Union would find a home for short to medium term financing with none of these concerns.

We expect to thrive and grow by offering competitive interest rates on loans to members - particularly those with low credit ratings - while still providing acceptable returns to savers.