Credit union appoints new president

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Hull and East Yorkshire Credit Union (HEYCU), the region’s largest not-for-profit financial services business, has appointed a new President.

Alan Hignett, who joined HEYCU soon after it was established 15 years ago, has been chosen by his fellow directors to chair the Board of Directors for the next two years. He succeeds Brian Navier, who stepped down from leading the mutual organisation at its Annual General Meeting after serving as President since 2008.

Alan hails from the West Midlands where he first became active as a volunteer in the Credit Union Movement. During this time he had a varied career, in car factories and as a manager of distribution businesses, before going back to education aged 35. On moving to Hull he joined Hull Social Services and is currently a Social Worker in Child Care.

He first volunteered for HEYCU’s Credit Committee in 1999 and then became a Director in 2001. Since 2009 has also been an elected Director of the Association of British Credit Unions (ABCUL), the national trade association, which is delivering the nationally-funded Credit Union Expansion Project.

In credit unions all the directors are non-executive volunteers, elected by the membership, and the leader of the Board of Directors is known as the President. The President works with fellow directors and the Chief Executive to help drive the business forward.

Alan Hignett commented: “I am honoured to be taking on the role of President at this exciting time in Hull and East Yorkshire Credit Union’s life. As leading members of the Credit Union Expansion Project we are working hard to expand our range of services and deliver them in a modern way, so that we are increasingly seen as the natural choice for people who are looking for an up to date ethical provider of financial services. Many of our 10,000 members have already chosen us as their fairer alternative, and it’s our ambition to double that number in the next five years, while staying true to our local roots.”

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