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London boroughs with a live-or-work, borough-wide credit union. Source: Community Finance for London

While credit union membership in London has grown more than 90% since 2005, there are concerns that reaching more low- and moderate-income residents who really need affordable financial services has been inadequate.

Paul Jones, a professor at Liverpool John Moores University’s Research Unit for Financial Inclusion, offered that insight in a new study he recently provided to Credit Union Times. Jones, along with Anna Ellison, research director at Policis, a London-based social and economic research firm, penned the report, “Community Finance for London-Scaling up the Credit Union and Social Finance Sector.”

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