Editing Open University (section)

==== Credit union ====
Open University Employees Credit Union is a savings and loans [[co-operative]] established by the university for staff in 1994. A member of the [[Association of British Credit Unions]],<ref>{{cite web |url=http://www.abcul.org/about/abcul-credit-unions |title=Credit unions in membership of ABCUL |archiveurl=https://web.archive.org/web/20150103045521/http://www.abcul.org/about/abcul-credit-unions |archivedate=3 January 2015 |website=Association of British Credit Unions |access-date=1 November 2014}}</ref> it is authorised by the [[Prudential Regulation Authority (United Kingdom)|Prudential Regulation Authority]] and regulated by the [[Financial Conduct Authority]] and the PRA. Ultimately, like the banks and building societies, members’ savings are protected against business failure by the [[Financial Services Compensation Scheme]].<ref>[http://www.fscs.org.uk/uploaded_files/Publications/Brochures/Credit_Union_Guide.pdf Credit Union Guide] Financial Services Compensation Scheme (retrieved 2 April 2015)</ref>