After the Scottish people voted to reject a referendum to gain independence from Great Britain Sept. 18, it was business as usual for Scotland's 106 credit unions.
The landmark no vote gave credit unions the certainty to plan ahead, knowing that the legislation will continue to originate from the British Parliament and regulation will be consistent across Scotland, England and Wales, Frank McKillop, policy manager at the Association of British Credit Unions Limited, in Manchester, England, said in an email interview with CU Times.
“Like the overall population, Scotland's credit union practitioners were split between 'yes' and 'no,'” he said. “So, while meeting with key government officials to ensure credit unions' interests were considered, ABCUL remained strictly neutral throughout this campaign.”
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