Following a busy summer period, the employee-based credit union, Metro Moneywise, has approved a total of £390,000 worth of loans in July alone, making it the credit union’s best ever month for lending.
Chief Executive of Metro Moneywise, Ciara Davies thanked the credit union’s staff for providing such a valued service. Ciara said: “This milestone represents the excellent service our team provides for our members. To reach this figure highlights to me that there is a continued need and demand for the services that credit unions offer.”
Last year Metro Moneywise appointed Ciara as the credit union’s first CEO which confirmed the credit union’s commitment to develop and grow. Since then, the credit union has implemented new marketing techniques to promote its loan products to members.
A fresh rebrand of the credit union’s logo coincided with Ciara’s appointment which represents a more modern image for the future. Ciara added: “I want to ensure our members remain at the heart of what we do, so we have used members’ feedback to shape our logo and define our purpose.
“This has been a great year for the development of Metro Moneywise, as we continue to grow as a fair and ethical alternative to high-cost lenders.
“What is most pleasing to our staff team is that membership growth has risen by 45% compared to this time last year, so to grow the loan book by 40% compared to this time last year is just fantastic.”