 In 2008 the Lord Williams of Oystermouth, 104th Archbishop of Canterbury and a member of the District of Canterbury Credit Union, spoke of the merits of the credit union movement in the House of Lords.A member of the Association of British Credit Unions Limited, registered under the Industrial and Provident Societies Acts, the District of Canterbury Credit Union was authorised and regulated by the Financial Services Authority.Ultimately, like the banks and building societies, members’ savings were protected against business failure by the Financial Services Compensation Scheme.