Written Question·Treasury·UIN 99221

Credit Unions

Tabled: 11 December 2025

Answered: 18 December 2025

Question

Jim McMahon

Labour (Co-op) — Oldham West, Chadderton and Royton

To ask the Chancellor of the Exchequer, what discussions she has had with regulators on reviewing rules on credit unions offering insurance products such as income protection.

Answer

Lucy Rigby

Credit unions are regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to ensure the stability and soundness of the sector. The regulators are independent and make decisions on the regulation of credit unions in...

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