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:
“Union of the weakest develops strength
Not wisdom. Can all men, together, avenge
One of the leaves that have fallen in autumn?
But the wise man avenges by building his city in snow.”
—Wallace Stevens (1879–1955)
““What are the characteristics of today’s world so that one may recognize it by them?” It pays pensions and borrows money: credit and monuments.”
—Franz Grillparzer (1791–1872)
“The only hope of socialism resides in those who have already brought about in themselves, as far as is possible in the society of today, that union between manual and intellectual labor which characterizes the society we are aiming at.”
—Simone Weil (1909–1943)