Building Societies And Credit Unions

You may have an account with a building society or credit union in addition to, or instead of, a bank account. Some of the ethical issues overlap. However, both building societies and credit unions are owned by their own members, although democratic control tends to be stronger with credit unions than with building societies. Not all banking societies or credit unions provide current accounts as well as loans and savings facilities. To find out more, read our section on alternatives to banks.