Lincolnshire Credit Union joins local campaign to help most vulnerable in the community
21 Dec 18
Lincolnshire Cooperative’s Community Champions scheme will be raising money for groups that offer support and advice to those facing financial difficulties.
Through its Community Champions scheme, the society will be backing Lincolnshire Credit Union (LCU) as well as several charities in the area. Community Champions was first launched back in 2013 as an initiative to raise money for local co-ops and charities which help communities that are facing financial difficulty donating amounts from £200 to over £200,000.
According to Citizens Advice, 22% of households in the UK ‘constantly struggle’ to keep up with bills and payments. This year alone, Lincolnshire Citizens Advice helped over 4,800 clients on debt issues advising on the £7.9m worth of debt. Across the UK the charity supported one person every three minutes with bailiff issues.
Lincolnshire Credit Union’s Chief Executive, Sarah Moseley, said: “We are extremely grateful to the Lincolnshire Co-op for choosing the Lincolnshire Credit Union as one of their Community Champions for their Financial well being quarter.
“We attended their launch event on 1st Dec at a local store and assisted in selling raffle tickets while explaining to their customers what the credit union does. The publicity that the scheme generates will help spread the word that credit unions are an ethical alternative to payday lenders, door step lenders, rent to own schemes & worst of all illegal money lenders.
“The financial wellbeing theme will promote the benefits of making regular savings in order to build up a pot to help people be more financially resilient.”
Lincolnshire Co-op's community and education co-ordinator Ben James said: "Debt and financial worry can affect anyone and the money advice and support services we are raising funds for our way to help worried families.
“They are there when times get tough and can offer advice, expertise and affordable services. We hope that fundraising together we can recognise the work these groups do and enable them to help more people.”
Lincolnshire Financial Inclusion Partnership chair Katy Roberts added: “I am delighted that Lincolnshire Co-op will be fundraising for charities and groups across Greater Lincolnshire that help people with their financial wellbeing.
"Not only will this funding supports organisations financially, we hope that by raising the profile of the work they do this will break down some of the stigmas around addressing money issues.
"The nominated Community Champions help people to deal with debt, claim the money that they are entitled to, borrow safely and start to save. With the support of Lincolnshire Co-op, more resources will be available to help those most at need."
Donations will also be made every time members use their dividend card at check-out. Colleague fundraising and proceeds from the carrier bag levy will also go towards the cause. On 5 January the co-op is hosting a Big Co-op Raffle, an event that raised £7,000 last year.