Board of Directors
London Capital Credit Union is run and managed by a dedicated board of volunteer directors. Each of them brings a much needed skill to our mangement structure. Board members are elected each year at our AGM.
I have worked with Islington Council as a qualified accountant for over 30 years. I live in Surrey, just outside London, and in my spare time I like reading, walking and visiting places of interest. I helped set up a credit union for Islington Council employees nearly 20 years ago and served as Compliance Officer, Secretary, Vice President and President for this credit union between 2002 and 2007, prior to the establishment of the borough-wide credit union in 2007, when I was appointed Treasurer.
What I like most about London Capital Credit Union is our friendly and helpful staff, volunteer and Board colleagues. I also like the work we do in helping people manage and improve their finances, especially in the difficult circumstances that many of our members’ face, and our uniquely democratic and ethical nature.
I am very pleased about the success of our credit union in recent years. I’ve seen us become one of the fastest growing credit unions in the UK, helping local people keep out of the clutches of high cost lenders and benefiting the local community. I’d urge anyone seeking ways to start saving, to get help with the costs of borrowing or looking for an ethical savings and investment alternative to join the credit union.
For over 25 years I have been a resident of Haringey, Islington and now Barnet, which covers much of London Capital Credit Union’s common bond, and I enjoy getting involved in the community. In my day job I am a psychologist and I work with organisations and people to help them find appropriate roles and work effectively.
I have volunteered as Director and President of London Capital Credit Union since October 2007 and I am proud to have been involved in its phenomenal growth from a few hundred members to where we are today. We are providing fair financial services to people that want an ethical alternative and those who are often exploited by commercial firms. I see my responsibility as President to enable the Board to work effectively. The best part of the role is the opportunity it gives me to see directly how the credit union can impact on members’ lives.
I believe that an accessible saving and loans facility is sorely needed, particularly in the current economic climate. The commercial financial sector often excludes or exploits people. A credit union like ours, which is a savings and loans co-operative, can provide the services and support its members want and need in a better way.
My involvement with the London Capital Credit Union (LCCU) started as a volunteer, helping with administrative tasks in the office. I was then asked to rethink and streamline the training programme for volunteers, whose work is so valuable to the LCCU. I was co-opted to the Board in December 2018.
I have been a Lecturer in Finance for over 25 years at the London School of Economics. I emphasise in my classes that while unregulated and “greedy” finance can do great harm, well-regulated and well-run financial institutions can be an important force for good. Organisations such as the LCCU, especially because run for the benefit of their members/owners, are important in harnessing finance to help improve people’s lives. It is a privilege to be involved.
I hope to use my experience in finance to ensure that as a Board we help the LCCU continue to improve the services we offer our members. At its core, this means offering fair interest rates, opportunities to save and a high standard of service.
I have lived in London for over thirty years and love being part of such a diverse and culturally rich community. Serving as an LCCU Board member is an important way for me to participate in and contribute to our community.
I am an Islington resident and firmly believe in the important role a Credit Union can play, in providing affordable and accessible loans and savings products where the market either ignores or excludes the community we cover through the level of charging. As a cooperative, we can truly tailor our services to our members and be a trusted, flexible and responsive financial organisation.
As a member of the Board, I want to help ensure that we uphold those objectives, to remain a secure, sustainable, and going concern for future generations and to balance the needs of our savers and borrowers.
My day job is with an IT services company with its UK base in London where I work in business development, helping new clients use IT to better deliver business outcomes. I also serve as a Trustee on a number of its pension schemes. I try to bring my commercial, financial and organisational skills to the board to scrutinise the Union’s operations, help to develop strategy and secure the Union’s future on your behalf.
In my day job, I am a lawyer specialising in company and commercial law. I also worked for the Financial Conduct Authority, the credit union’s regulator, for three years until the end of 2015.
I have been involved with London Capital Credit Union since 2013, formerly as a member of the Supervisory Committee. I am involved because I support the principles of the credit union movement: people co-operating in their communities to create a democratic, ethical alternative to the banks.
I was introduced to the credit union movement by my parents as a child, as my father was a founder member of Hornsey Co-operative Credit Union, which was set up in 1962. This was the UK’s first credit union, formed by a group of new immigrants from the West Indies because there had been a lack of financial services for people new to the country. My father, Blair Greaves, served on the Board of Directors for all of the 50 years that this credit union was in existence and was President for over 25 years, up to the time of the merger with London Capital Credit Union.
I joined the Board of London Capital Credit Union in 2014 and I am keen to follow in my father’s footsteps, promoting the credit union movement as a fair and more ethical source of financial services.
I work for Islington Council, where I use the payroll deduction savings scheme. The credit union really helps me to save, and I know that my savings are there when I need them. It is good to know that our savings are providing a source of low cost loans for people in need.
I have worked in the City of London, in Investment Banking for over 25 years, where I have experience of mitigating regulatory risk and resolving audit and compliance issues, as well as managing critical business transformations. Since 2013, I have supported various bank in delivering successful global change programs, process improvements and leadership.
I hope to put the knowledge and experience I’ve gained throughout my career to good use through my involvement with LCCU, by playing an active role in shaping policy and ensuring that the relevant rules and regulations are adhered to, as well as mitigating risks and enhancing controls. In doing so I can help London Capital CU to continue to grow and provide affordable, high quality and ethical financial services to the community.
I am excited to have this opportunity to play an active part in helping London Capital CU to continue to provide its members with appropriate, responsible and fair financial products to meet their need that genuinely helps people to help themselves by improving their financial well-being.
I live in Leigh-on-sea, in Essex and in my spare time enjoy travelling, cooking and gardening.
For the last 20 years, I have lived across Barnet and Camden with my family and worked in the City of London to gather experience in finance, risk management and regulated industries. I can now bring this experience to benefit the London Capital Credit Union.
My area of professional expertise is in financial derivatives -often seen as opaque- and I have won industry awards by advising UK the EU companies, institutions and governments on their financial risks, while defending their best interest in dealing with complex financial securities. During all that time, I have witnessed a vast array of changes and reforms in the world of money: regulations have evolved to acknowledge the lessons from past crises, accounting standards have been reinvented to increase transparency, interest rate benchmarks fell from grace and more changes are to come. This evolution has taught me a great deal about resilience and adaptability.
But embracing change doesn’t mean letting good things pass. There is increasing thirst for stable institutions that care about those who rely on them. The London Capital Credit Union is worthy of trust and will be around for its members provided it is well looked after. It is rooted in London to safeguard the wealth and prosperity of our neighbours and communities with a common bond, and I am proud to be supporting it.
I have lived and worked in Islington for over 30 years and, after being involved with the EC1 New Deal for Communities project, I wanted to volunteer for an organisation that addressed the needs of my neighbourhood.
My career in IT for a wide range of City of London institutions means I have had experience of business and finance, so London Capital Credit Union was an obvious choice with its emphasis on thrift and provision of affordable credit to local people. I am committed to the success of London Capital Credit Union, our credit union, and I am proud to serve as Secretary on the Board.
I believe that our community is strongest when it is united and everyone has an equal chance and benefits fairly. Credit unions exemplify that because they are owned and run by members for members who share a common bond and any surplus or profits made in the year is shared between those who save with and borrow from the credit union.
MICHAEL MLILO MABASO
I have worked in health, law and finance for the last 15 years. I live in Kent just outside London. Whilst l have always known about Credit Unions, l only really became involved through participating in my Employers Salary Savings Scheme. At that time, many large banks were pulling out of low-income communities and a lot of what are often known as alternative financial service providers i.e. the payday lenders, the check-cashing operations/pawn shops, were growing dramatically.
This sense of a financial services injustice where marginalised groups and vulnerable individuals are often worst affected, deprived of access to affordable financing led me to want to be part of and participate in a movement that offered sustainable ethical lending to all and critically a savings culture.
That’s why l hope to contribute to a well led Board that can offer appropriate checks and balances to the management of the credit union ensuring financial stability and a continuing adherence to the principles of the Credit Union.
Outside of work I enjoy travelling, playing sport and local history.
I have been involved in the credit union movement for the past 8 years, leading regulatory and operational efforts. Since 2019 I have been living in Camden and volunteering for London Capital Credit Union.
On my day job I am the Head of Corporate Development at Zeelo, a UK founded mobility start-up. Before that I worked in financial and operational positions in the automotive industry, and prior to that in research and consulting companies. I hold an MBA and a BA in International Relations.
I believe credit unions are important in providing access to fair capital, and can be used for social good, and am happy to contribute of my time for that goal. At these post-corona times, we have an opportunity to help re-start our community’s economic activity, and I am happy to help that happen. Don’t forget to save and act financially responsible.