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Our History
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A Brief History
In 1984, a group of concerned Seventh-day Adventist men (Sam Cozier, Keith Davidson, Osrique DeCoteau, Lambert John, Algernon Joseph, Andrew Joseph, Alfred Officer, Martin Rodney, James Ryan and Livingston Weekes), encouraged by Pastor Everett Howell, decided to take action to encourage fellow Seventh-day Adventists across London to take on a new vision of wealth development to build the economic strength of our people.
On 27 May 1984, the LONDON ADVENTIST SAVINGS CLUB was born, determined to challenge our members to a renewed and disciplined approach to saving. By November 1984, the club’s assets had grown to £1,287.64.
4 years later in 1988, the decision was taken to upgrade the Savings Club to Credit Union status, and on 11 March 1988, The Adventist Savings Club became The NORTH LONDON ADVENTIST CREDIT UNION LTD (NACU), and under the chair of the late Osrique DeCoteau, NACU was registered under the Registrar of Friendly Societies (no. 101C).
At the accounting year end, 30 September 1992, by then under the chair of Alfred Officer, NACU’s total net assets stood at £209,309.
By the first quarter of 2001, the credit union territory was expanded, and its name changed to The LONDON ADVENTIST CREDIT UNION LTD (LACU).
Then, in recognition of the credit union’s new UK status, at the ACU Annual General Meeting held on 22 May 2016, the members voted to change the organisation’s name to THE ADVENTIST CREDIT UNION LTD (ACU).
4 years later in 1988, the decision was taken to upgrade the Savings Club to Credit Union status, and on 11 March 1988, The Adventist Savings Club became The NORTH LONDON ADVENTIST CREDIT UNION LTD (NACU), and under the chair of the late Osrique DeCoteau, NACU was registered under the Registrar of Friendly Societies (no. 101C).
At the accounting year end, 30 September 1992, by then under the chair of Alfred Officer, NACU’s total net assets stood at £209,309.
By the first quarter of 2001, the credit union territory was expanded, and its name changed to The LONDON ADVENTIST CREDIT UNION LTD (LACU).
Then, in recognition of the credit union’s new UK status, at the ACU Annual General Meeting held on 22 May 2016, the members voted to change the organisation’s name to THE ADVENTIST CREDIT UNION LTD (ACU).