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Press release 13/03/2023

Financial services provider Leeds Credit Union (LCU) has made a key appointment to its senior management team as it continues to pursue its ambitious growth plans.

Mark Fleet has joined the company as CEO, where he will continue to grow the credit union, strengthen support for the communities in which it operates and attempt to reach – and help – as many financially vulnerable people as possible.

Mr Fleet has more than 35 years’ experience in the financial services industry, having previously worked for banks, building societies, and financial and mortgage advisors, including Skipton and Lloyds Banking Group.

Mark Fleet said: “I am honoured to have the opportunity to lead LCU forward and I look forward to working with my colleagues and understanding the issues facing our members and the ways in which we can help.

“I am passionate about providing our members with the right products and services they need to help them navigate the ongoing cost of living crisis and beyond. I believe that credit unions should play a significant role in helping people better understand the complicated financial services landscape and, as a North Yorkshire resident myself, I can assure our members that I will work tirelessly for them and their communities from day one.”

Mr Fleet replaces the outgoing Paul Kaye, who served as LCU CEO for two years, from 2021 to 2023.

Mr Fleet added: “I’d like to thank my predecessor at LCU, Paul Kaye. I will continue the hard work and lead our credit union through some of the most turbulent economic times the UK has experienced for several generations. We must continue to prioritise society’s most financially vulnerable and we will do everything within our power to reach out to them and provide them with access to savings accounts and financial advice, as well as affordable loans.

“We must also continue to keep as many people as possible from Leeds, Wakefield and Barking & Dagenham – as well as all our members – from turning to unscrupulous and high-cost lenders, in order to carry on saving them tens of millions of pounds in high interest repayments over the coming years.”

Jane Toole, President of LCU, said: “I am delighted to welcome Mark to the team. He is an experienced financial services professional who shares the board’s commitment to both the credit union, social purpose and its modernising agenda.

“I look forward to working with him to continue the progress that was made under Paul’s leadership.”