Matthew Ball, Public Affairs Manager, Building Societies Association

Building societies and credit unions have long stood as pillars of their communities - providing financial services rooted in mutuality, trust, and local engagement. Yet, in an increasingly complex regulatory and political landscape, it’s more important than ever for building societies and credit unions to actively engage with their local Members of Parliament (MPs). Doing so not only strengthens the voice of the sector but also ensures that the unique needs of local communities are heard at the national level.

 

The Power of Local Representation

MPs are elected to represent the interests of their constituents in Parliament. For building societies and credit unions, this presents a valuable opportunity: by forging strong relationships with local MPs, they  can advocate for policies that support mutual values, financial inclusion, and community investment.

Whether it’s discussing the impact of regulation on smaller institutions, highlighting the importance of local lending, or showcasing community initiatives, MPs can be powerful allies in amplifying these messages within Westminster.

 

Why Engagement Matters

Influencing Policy: Building societies and credit unions operate within a framework shaped by government policy and regulation. By engaging with MPs, they  can contribute to debates on financial services, housing, and consumer protection - ensuring that mutual voices are part of the conversation.

Raising Awareness: Many MPs may not fully understand the role building societies and credit unions play in their constituencies. Hosting branch visits, sharing impact stories, or inviting MPs to community events helps build awareness and appreciation for the sector’s contribution.

Supporting Local Communities: MPs are deeply invested in the wellbeing of their constituencies. By demonstrating how building societies and credit unions support local people - through affordable mortgages, financial education, or charitable partnerships -these organisations  can align their work with MPs’ priorities.

Navigating Change: From digital transformation to climate finance, the financial landscape is evolving rapidly. Engaging with MPs allows building societies and credit unions to share their perspectives on emerging challenges and opportunities, helping shape a future that works for all.

 

Practical Ways to Engage

Invite MPs to Visit: A branch or head office visit offers a tangible way to showcase your work and connect with your MP in a meaningful setting. Introduce your MP to a range of colleagues and members (in branch).

Share Impact Reports: Regular updates on community initiatives, lending figures, or sustainability efforts can keep MPs informed and engaged.

Participate in Consultations: Responding to government consultations and encouraging MPs to support your position can influence outcomes.

Collaborate on Events: Joint events - such as financial literacy workshops or housing forums - can highlight shared goals and deepen relationships.

 

A Sector-Wide Opportunity

While individual engagement is powerful, collective action amplifies impact. Building societies and credit unions can work together through the BSA and its regional networks to coordinate messaging, share best practices, and build stronger relationships across Parliament.

Ultimately, engaging with MPs isn’t just about lobbying - it’s about partnership. It’s about ensuring that the values of mutuality, community, and long-term thinking are represented in the decisions that shape our society.

For more information and advice, please contact Matthew Ball, Public Affairs Manager at the BSA matthew.ball@bsa.org.uk