The Greater Manchester Buses Employees Credit Union is formally registered on 5th March 1992 and started operating on 1st April. By the end of 2 weeks 200 employees had become members of the credit union. The credit union is extended to all depots in the GM buses area.
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By April 1993, after 12 months of operation the credit union had over 1,400 members with a total payroll deduction of £100,000 per month.
The credit union borrows £250,000 from other credit unions to help finance the employee buyout of both GM Buses South & GM Buses North. As a result, both companies are bought by their employees.
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Total members 2,000 and total shares £1,000,000. Voyager CU lottery starts
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Total loans £1,000,000
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Voyager Credit Union becomes the 12th largest Credit Union in Britain
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Total shares £2,000,000, total loans £2,000,000
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Total members 3,000
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VCU takes on full time staff to deal with the day to day administration of the credit union. Total loans £3,000,000.
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VCU launches ISAs for members
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Voyager Credit Union merges with Alliance Credit Union (formerly MPTECU based on Merseyside) to form Voyager Alliance Credit Union
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VACU launches the credit union current account
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Wayfarer Credit Union members transfer to Voyager Alliance
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VACU break through the £10,000,000 ceiling on members savings
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VACU is one of 3 credit unions selected to provided credit union services for the Department of Work & Pensions employees and welcomes first DWP members
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Retail Credit Union members transfer to Voyager Alliance
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Voyage Alliance joins the Penny Post Group
Office Display
Early Newspaper Cutting
