Leeds Credit Union has announced the appointment of Paul Kaye as its new CEO. Paul will take charge of one of the UK’s largest credit unions who provide ethical and inclusive financial services.
Paul has a wealth of experience in the financial services industry having worked at a senior strategic level across a number of companies.
Andrew McPhillips, Chair of Leeds Credit Union said:
“Out of a strong line of candidates we felt Paul had the right blend of financial experience, leadership skills and energy to help guide the Credit Union out of the COVID pandemic and meet the ambitious growth targets set out by the board.”
Paul Kaye, the new CEO commented:
“I’m delighted to have the opportunity to head one of the largest credit unions in the UK to offer an alternative to the higher cost lenders and work with the team to provide inclusive financial services to the local community and beyond. I look forward to engaging with our members and key stakeholders to help formulate and implement a clear strategy to give our members the service they deserve.”
Over the coming months Paul is keen to ensure Leeds Credit Union works with the Government, Regulators and other Credit Unions to form wider relationships, as he feels the sector could play a vital role in assisting the recovery from the social and financial impact of the pandemic.
This latest exciting announcement from the Credit Union comes after the financial services organisation celebrated the success of its recent festive campaign, the results of which showed it saved the local community up to £3.13million in potential high interest payments in the run up to Christmas.
Leeds Credit Union is a financial cooperative set up to give member’s access to affordable loans at a fair rate of interest and competitive savings plans. Credit Union members enjoy our straightforward, honest approach to their money.
Leeds Credit Union is a community focused organisation with 37,000 members and is one of the largest in the UK. Leeds Credit Union is a ‘Mutual’, meaning that it is owned by members for member benefit alone.
Leeds Credit Union is authorised and regulated by the Financial Conduct Authority and is covered by the Financial Services Compensation Scheme, so the first £85,000 of a member’s savings are completely safe.
This post is based on a press release issued on behalf of Leeds Credit Union