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New research from StepChange released last week estimates that this Christmas, a third of UK households will borrow an average £200 to cover the cost of the festive period.  A pioneering partnership of credit unions in London are working together to offer JustBorrow loans that aim to transform short-term borrowing in the capital – and make unaffordable payday loans a thing of the past. “Christmas ...
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Christmas is always a vibrant time at Westcountry Savings and Loans (WSL), this year has been extra special for the credit union, after a record-breaking November. Following the launch of the credit union’s new contactless debit card, helping members access their money and manage monthly budgets. “The response from members to our new debit card has been excellent. We’re delighted with the ...
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The original Greater Manchester Chapter of Credit Union pioneer volunteers congregated in Manchester last month to celebrate a reunion of credit union start-ups from as early as the 1980s. The gathering brought together many of those responsible for pivotal early moments in the British sector’s history and included former volunteers, staff and directors. The event provided an opportunity to ...
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From the Scottish Parliament, ABCUL is delighted to confirm that, following a successful AGM last week, two new officers of the Cross Party Group on Credit Unions have been elected. Angela Constance MSP, a former Cabinet Secretary with responsibility for credit unions, and Claudia Beamish MSP, a long-serving supporter of the group, take up co-convener roles. ABCUL is pleased to be continuing ...
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South Yorkshire residents struggling to make ends meet this Christmas are being urged to consider ethical loan options that won’t leave you with a festive financial hangover. A pioneering new scheme launched in South Yorkshire aims to transform credit provision and make unaffordable payday loans a thing of the past. A newly launched website, ‘Good Credit’ is listing 29 local services which ...
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Participating in fundraising activities, Lanarkshire Credit Union has raised over £2,000 for a local charity 'Eilidh’s Rainbow’. The staff of Lanarkshire Credit Union held a race night in its local pub and also participated in a charity football match to helped raise awareness and funds for the cause. In early 2019, Eilidh’s Rainbow is a charity formed with the aim of  offering much-needed ...
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Beth Welsh of Pioneer Mutual Credit Union received the inaugural Minerva Award – For the Empowerment of Girls and Women, at the ninth annual Edward Filene Credit Union Awards for Performance Excellence. Credit union practitioners were honoured at the annual awards ceremony this month in Manchester. Each year, the awards acknowledge the great contribution of credit unions and practitioners in ...
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Young artists and filmmakers across Wales have used their creative talents to highlight the importance of saving regularly with their local credit union. The winners of the School Partner Competition were announced at the Senedd by Jane Hutt AM, Patron of Credit Unions of Wales. Pupils and teachers were treated to a VIP tour of the Senedd before trophies were presented to the winners who entered ...
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Bradford residents are invited to discover how much fun they can have without spending a penny. ‘Buy Nowt’ is returning for its third year as it puts a Yorkshire twist on the international Buy Nothing Day which campaigns against poverty caused by consumer debt and excess. Through creative activities, families can also learn how to make their own Christmas presents and housing associations will ...
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Last week, 63 individuals from ABCUL’s member credit unions across Scotland, came together for a weekend of learning and sharing best practice. Delegates had the opportunity to network and learn throughout the event and enjoyed workshops focused on good governance in a credit union, a workshop led by the PRA about the sector’s new proposed capital requirements and workshops on credit control ...
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“Thirteen is unlucky for some – but not for Hi-Scot Credit Union,” says General Manager of Hi-Scot, David Mackay, as the credit union is celebrating its 13 years of serving members across the Highlands and Islands of Scotland. “HI-Scot has continued to grow, year on year, since 2006,” said David, “In 2011 we expanded to Highland region and the Orkney and Shetland Islands and now have over 3000 ...
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Last month, the World Council of Credit Unions (WOCCU) announced in its annual Statistical Report that global credit union membership, has surpassed 274 million members worldwide. Data gathered by WOCCU shows substantial growth in membership for the sector, stating that global membership has increased by 90 million since 2010. Also, WOCCU says that more than 14 million people joined a ...
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