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Credit Union Oral History Project Up and Running

posted 2 days ago
The Credit Union Foundation’s Save and Sound Project, funded by the National Lottery Heritage Fund with money raised by lottery players, has moved online.  A team of eight volunteers has been trained by the Oral History Society and is using a podcasting platform to link up with interviewees across the north of England.  The interviews will become part of the national oral history collection cared for ...
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East Sussex Credit Union Launching First TV Advertising Campaign

posted 2 days ago
From Monday 15th March, East Sussex Credit Union’s first television advertising campaign is launching on Sky. The new advert is a 30 second animation and focuses on the difference that the credit union brings with the financial services it offers. The advert will be running for 4 weeks from 15 th March and through the technology offered by Sky’s AdSmart, the advert will be targeted to homes in ...
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Lewisham Plus Credit Union Opens a Refurbished New Cross Branch

posted 2 days ago
Lewisham Plus Credit Union has expanded its  New Cross Learning Community Library premises  intended to provide a secure space to enable members in the north of Lewisham to access services and to increase opening hours to 20 per week.  There is significant local deprivation and few financial institutions such as banks and post offices in the vicinity.  Unfortunately, in March 2020 all library premises ...
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Scottish Government commits £15 million to support community lenders

posted 9 days ago
Scottish Government has launched a £15 million fund has been announced to support affordable lending services. Communities Secretary, Aileen Campbell said: “We know the pandemic has had a financial impact on many people in Scotland and we want to strengthen services that support people with managing their money. “Credit unions and CDFIs provide ways of saving, lending, and accessing affordable ...
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National press highlights pressing case for legislative reform for credit unions

posted 9 days ago
Although membership of around 400 co-operatives in Great Britain and Northern Ireland has grown from 1.85million in 2015 to 2.07million in 2019 and the number of loans by a similar level, chief executives and regulators alike have raised concerns the sector is being held back. A recent This is Money article highlights recent successes in innovation including the the Treasury-backed programme ‘ ...
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Metro Moneywise report on its anniversary year at first online AGM

posted 9 days ago
87 members of Metro Moneywise Credit Union logged on to its very first virtual AGM last month - a 200% increase in attendance compared to last year’s face-to-face meeting. Members heard from Chief Executive, Ciara Davies who reported on a year of highlights and progression for the Rochdale based credit union. The Credit Union was established in 1990 and this year celebrated a landmark anniversary ...
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British credit union sector surpasses £2 billion assets

posted 15 days ago
Data published by the Bank of England shows continued growth for the credit union movement in Great Britain. The figures covering the financial year for 2020 shows that credit unions in England, Scotland and Wales now serve over 1.4 million people and collectively hold assets worth over £2 billion. The new data shows capital has steadily increased over the last 5 years as the assets of the sector ...
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Serve and Protect CU publish Financial Resilience Report for 2021

posted 15 days ago
Serve and Protect Credit Union which recently achieved two significant milestones by surpassing 34,000 members and growing its loan book to over £50million – has published its Financial Resilience Report for 2021. The report looks at the potential impact of the coronavirus pandemic on the financial resilience of those who serve and protect our nation – including those employed by the Police, Prison, ...
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Just Credit Union highlights year of opportunity and challenges at online AGM

posted 15 days ago
Members of Just Credit Union (JCU) joined its online AGM this week, learning how the credit union has dealt with a year of challenges and opportunities. Reporting to members, the Credit Union found that lockdown restrictions which began in March 2020 presented an opportunity for members to save more. JCU’s member savings balance increased to over £3m in the financial year – the highest to date. ...
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Serve and Protect Credit Union launch #StayForceFit Lockdown Challenge

posted 23 days ago
Twitter is taking off with the Serve and Protect Credit Union  and TeamPolice  #StayForceFit  lockdown challenge. The initiative launched by Serve and Protect CU aims to help keep you fit during lockdown, but by taking part you will also help improve the chances of winning £1,000 for your Police Force welfare fund. Whichever Police Force clocks up the most combined miles within February wins – anyone ...
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New research demonstrates effectiveness of workplace savings schemes

posted 23 days ago
New research funded by the Money and Pensions Service (MaPS) shows that 7 in 10 employees enrolled in a workplace payroll scheme save every month and are 18% more likely to do so than non-members of such schemes. The results show promising signs that payroll saving schemes with credit unions could be a step-change in improving the financial wellbeing of people on lower incomes by helping them build ...
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Pentecostal Credit Union release single about money management

posted 23 days ago
Members of the Pentecostal Credit Union’s (PCU) Youth Shadow Board are keen to educate and inspire their peers, are getting ready to release ‘Invest in Me,’ a song encouraging young people to spend their money wisely.   The Youth Shadow Board is a leadership development programme where PCU junior savers act as a governance board to not only develop themselves in the financial sector, but to develop ...
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