Leeds City Credit Union is a credit union in Leeds, England with more than 20,000 members. The organisation originated as a work-based credit union for employees of Leeds City Council. The employees formed what is known as the common bond. When the common bond was extended to all or live or work in the City of Leeds the name was changed.
In March 2009, the credit union sought out a £4 million bailout from the Government. An investigation into mismanagement at the credit union focused on the activities of former chief executive Sue Davenport. In August 2009, Sue Davenport was declared personally bankrupt.
Famous quotes containing the words city, credit and/or union:
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—Bible: New Testament, Matthew 5:14.
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“If the Union is once severed, the line of separation will grow wider and wider, and the controversies which are now debated and settled in the halls of legislation will then be tried in fields of battle and determined by the sword.”
—Andrew Jackson (1767–1845)