Lincolnshire Credit Union will benefit from extra financial support through Lincolnshire Co-op’s Community Champion Scheme.
Alongside several financial wellbeing groups, the credit union will share a total of £147,000 to bolster the work of those that care for the financially disadvantaged.
The Community Champions scheme is one-way Lincolnshire Co-op gives back to the local community. Since it was launched in 2013, it’s helped hundreds of local charities and community groups each year raising amounts from £200 to over £200,000.
Lincolnshire Co-op’s Senior Community and Education Co-ordinator, Ben James said: “The financial groups do an excellent job. It could be by tackling issues like debt and payday loans, encouraging safe borrowing or helping people access the money they’re entitled to – these groups help in all sorts of ways.
“Debt and financial worry can affect anyone, and we hope that with these funds even more people can get support from money worries.”
Chief Executive Officer at Lincolnshire Credit Union, Sarah Moseley said: “We are thrilled to have received this funding from Lincolnshire Co-op as one of its Community Champions.
“We’ve recently expanded our geographical area and now cover the whole of Greater Lincolnshire. The funds will help us invest in digital enhancements to improve accessibility for our current members and make it easier for new members to join.
“These enhancements will save time, so our staff can provide more much needed responsible lending and financial support for some of the most vulnerable people across the county.”