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.
British Airways reportedly will push for a liberalization of British laws that limit the services that credit unions can offer. British Airways Employees Federal Credit Union of Jackson Heights, N.Y., has about $25 million of assets.