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The new CEO of Halton Credit Union, Gareth Heesom has spoken to people in Runcorn this week at a community shop to encourage people to join their local credit union. Gareth brings more than two decades of experience to the role, having started out in the field in the area 22 years ago when the borough's branches were yet to be brought together under the Halton banner, and most recently as finance ...
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Makerfield MP, Yvonne Fovargue Wigan is urging communities to turn to credit unions in the cost-of-living crisis, as more than 94,000 people are revealed to be in financially vulnerable circumstances. Data from financial inclusion body Fair4All Finance shows 94,376 adults in Wigan are in financially vulnerable circumstances. Nationally, as many as 1.1m Brits may be in the hands of illegal lenders ...
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Residents across South Manchester are being offered support and advice from their local credit union on how to protect themselves and maximise their income as the cost-of-living continues to soar. South Manchester Credit Union has launched a ‘Cost-of-Living Emergency Plan’ which outlines five vital steps for people to take, whatever their income bracket or financial situation, in order to survive ...
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This month, held in Manchester, the Swoboda Research Centre hosted its conference to a large delegation of credit union professionals and stakeholders, to address the critical and developing issue of the recent economic crisis. Participants came from Canada, England, Ireland, Scotland and Wales to the event, which was opened by the Mayor of Greater Manchester, Andy Burnham, who challenged delegates ...
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Reporting to members ahead of its Annual General Meeting, HEY Credit Union highlighted a successful year of expansion and product development. The credit union expanded with the opening of a branch within Grimsby early in the year and gives thanks to the support it received from Northeast Lincolnshire Council whose £50,000 investment supports its plan for sustainable growth. By year-end some 400 ...
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Just Credit Union is warning its members against getting caught by online scammers during Black Friday and in the lead up to Christmas. The credit union has provided a useful guide of advice and guidance to avoid the the temptation to overspend and how to identify fraudulent purchases. “Black Friday sees a frenzy of deals and discounts, but also a huge rise in fraud,” said Steve Barras, Just Credit ...
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This week, the CU Futures Class of 2023 continued their progression through the programme with a two-day event hosted in London. Over the programme’s 12 months, the group will undertake a range of activities focused on their personal development as well as expanding their exposure to the wider sector and supporting them to think strategically about the future of credit unions in Britain. The group ...
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This week, featuring on BBC Look North, Financial Inclusion Officer at Bradford District Credit Union, Ian Brewer spoke at a community event raising awareness of how credit unions can help during the cost-of-living crisis. Urging more members of the community to find support, Ian said: “Bradford Council set the credit union up twenty nine years ago, since then, we’ve grown our membership to over ...
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In an effort to engage with and encourage Millennials to save, increase their financial acumen and generate wealth, the Pentecostal Credit Union (PCU) officially launched GiftBox!, its latest financial product. Gift Box will provide those who join with the same financial services as Pentecostal Credit Union members, but it will also seek to foster community amongst members by hosting networking events ...
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Research published by the Money and Pensions Service as part of Talk Money Week, shows that 25–34-year-olds are twice as likely to use a payday lender or use other short term high-cost credit than not-for-profit community lenders. The survey asked 503 people across the UK aged 25-34 about the options they’d be most likely to consider if they needed credit. Payday lenders (10%), other short-term ...
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ABCUL surveyed its largest members this week, which represent the majority of Britain’s largest credit unions and the respondents stated that loans are increasing on the back of the cost-of-living crisis. This week, ITV News visited Enterprise Credit Union who showcased the vital support it provides for its members on a day-to-day basis. ECU have seen a 37% increase in value of loans in the last ...
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Last month, Bradford District Credit Union partnered with Bradford Council Public Health to host a special webinar with international speakers focused on the cost of living crisis which currently is engulfing the nation. 264 people booked on made up of local and national delegates including 43 different ABCUL credit unions, several US credit unions, Irish credit unions and some non-affiliated credit ...
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