After 27 years of voluntary commitment to key positions in BAG Credit Union, founder member Pam Farrant has retired as the BAG Credit Union Treasurer.

BAG Credit Union was registered in April 1992 and has grown steadily over the ensuing years within its small Common Bond area that covers people who live or work, in the area of the Upper Rhymney Valley,    which includes Bargoed, Aberbargoed and Gilfach (BAG), with a population of around 28,000 people.With a market penetration rate of around 12.5% BAG Credit Union has become a highly valued financial service in what is primarily a former Welsh Coalfields community.

Although Pam has stepped down as an executive director of BAG she will remain as a nonexecutive director and continue to pass on her knowledge and experience to remaining Board members and staff.

Bill Hudson, ACE CEO said: “Pam has been involved with BAG for as long as I have been working with credit unions in Wales and she has been a key part of the BAG success story. I am glad that she will continue to offer her time and backing to the credit union that she helped to start 27 years ago.”