The board of trustees of Just Credit Union has approved an investment of more than £50,000 to secure its long-term future.
The not-for-profit community bank, based in Shropshire, says the money will be used to provide members with online access to accounts and transactions.
Chief officer Karen Farrow said: “Just Credit Union has provided ethical financial services to Shropshire and Telford & Wrekin for 20 years and we intend to remain relevant as well as continuing to meet our members’ needs for the coming decades.
“Making this significant investment in a new website and back office system will ensure we can continue to be relevant and meet the changing needs of our members.”
Chair Mark Perez added: “We face challenges that could not be envisaged when the credit union was established and the level of online competition for savings, loans, and transactional products continues to grow.
“We were able to make this investment because the credit union has built a very solid financial base.
“It will make us attractive and accessible and help us continue to build a viable social business for the coming decades for the benefit of our members, local residents and community.”
Members can already apply for loans and membership and additional online services will be rolled out over the coming months. But services will remain available via post, telephone or in person.