02.09 – Credit Unions

Credit Unions are Non-Reporting Financial Institutions for CD and Gibraltar reporting. They will have no due diligence or reporting obligations.
A Credit Union is a body corporate registered under any of the following:

  • the Industrial and Provident Societies Act 1965 as a credit union in accordance with the Credit Unions Act
  • the Credit Unions (Northern Ireland) Order 1985
  • the Industrial and Provident Societies Act (Northern Ireland) 1969 as a credit union.