LONDON -- british Airways PLC has formed a credit union in Britain that it hopes to model after one it has operated in the United States for more than 40 years.

The credit union plans to offer a full range of banking services, including transaction accounts, credit cards, and mortgages, the Financial Times reported. It would be the country's first private-sector, full-service credit union.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.