Minister supports Kingston Savers
23 Jan 12
Consumer Affairs Minister Ed Davey MP is supporting a group working to bring credit union services to the Royal Borough of Kingston upon Thames, in his constituency.
Kingston Savers, which is supported by Kingston Voluntary Action (KVA), wants to extend Surrey’s newly-formed credit union Surrey Save to the royal borough.
KVA chief executive Hilary Garner said: “Credit unions exist to help their members help themselves, encouraging them to develop prudent financial habits and understand the true cost of credit. Whenever possible, they assist those who struggle to make ends meet, helping them up the ladder to financial health.”
KVA has earmarked £50,000 of a £252,000 grant given by the council last November to help develop the scheme.
Kingston and Surbiton MP Ed Davey said: “This is hugely exciting and should bring affordable help to people struggling with their finances.
“The Government is trying to develop the credit union sector, not least to act as non-profit competition to the high-cost lenders, so it is welcome to see this initiative.
“It has my full support and I hope many people will take part.”
Back to news listing
