Connection Dividend
“Our values are appealing, and very different to most financial institutions: Ethical, Competitive, Friendly and Transparent resonate with our members and give them confidence in us.”
Alan Yates
President and Chair of the Board
At Churches Mutual, we believe that connection matters. Your savings with Churches Mutual do a lot more than earn dividends. They enable us to provide loans that support vital church activities and help families within our community achieve financial resilience. By keeping your savings with us, you are directly contributing to a greater cause and making a positive impact. We call this our “Connection Dividend” - the value your savings provide in supporting other members of the church family all over the country, whether that’s a minister going on their first post, or coming to retirement.
Our Social Goals
Ethical, Competitive, Friendly, Transparent
Since our registration as a credit union in 2014 your support
has allowed us to...
Serve
1,440
active members
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Look after almost
£4m
of their savings
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Lend out
£13m
ethical and affordable loans
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Responsible
Lending
So, how have we survived and thrived for a decade?
1
Our values
Ethical, Competitive, Friendly, Transparent - resonate with
members.
2
Low loan rates
one of the lowest on the market, we operate leanly, returning
value to members.
3
Your savings
make an impact financially and through the Connection Dividend which means you’re never guilty of burying your ‘talents’ in the ground!
Where Does Your
Money Go?
Clear terms, no hidden fees - just straightforward financial support. Fund Allocation - 52%
orem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
orem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
orem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
orem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
orem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Timeline
2015
Official launch of CMCU, First loan approved
Churches Mutual was formed in February 2015 in collaboration by the Church of England, the Church of Scotland, the Methodist Church of Great Britain, the Church in Wales and the Scottish Episcopal Church.
2016
£1m in member savings, £1m in member loans, United Reformed Church and Roman Catholic Church join
Over the past eight years over a thousand members have saved an average of over £1,000 each in this way. See our Regular Saver Account page for more details on how to open an account.
2017
1,000th member joins, £3M in member savings, £3M in member loans
We’re really proud that we’re able to offer our members some of the lowest loan rates on the market. Visit our loan page to find out more
2018
Methodist Church reach was broadened
The common bond was extended to include employees and trustees of Methodist schools and charities, including Methodist Homes. This brought eligibility for membership to approximately an additional 10000 individuals and their household members.
2022
£10M in loans disbursed
Did you know loans for cars are our most popular? You can find out why here
2023
2,000th member joins, Marketing and Communications (MarComs) Campaigns commence
Our first social media campaign was launched alongside a new website, which after the challenges the Covid pandemic brought about, were an important part of growing CMCU
2025
£14M in loans disbursed, CMCU celebrates 10 years!
We’ve achieved so much we’re proud of in the last 10 years, but there’s so much more we could be doing and we are excited about our journey in the next 10 years serving Christ’s servants
