SWLICAN have joined forces with Unify Credit Union to open a mini branch at Digmoor Community Centre to help local people, who are struggling to make ends meet, an alternative to turning to loan sharks and payday loan companies.
The launch will take place on Friday, August 23, from 10am to 12 noon at Digmoor Community Centre.
Angela Fishwick, General Manager of Unify, said: “We would like to invite people to call in and have a chat to see how we can help, whether it’s support with managing their finances or if they have money that they want to save.”
Credit Unions aim to change the way people deal with their finances by encouraging people to save and, as a reward for saving, providing low cost loans and free life insurance.
Loans cost from just 1% per month on the reducing balance, meaning that a Saver loan for £1000 repaid over 1 year would cost no more than £65 in interest. At the end of the year, Unify shares its profits with members by way of dividend which has been between 1.5% and 3% over the last five years.
Credit Unions are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and money saved in a credit union is protected by the Financial Services Compensation Scheme under the same terms as money deposited in a bank or building society.
For more information contact Unify on 01942 701706 or visit the website www.unifycu.org.
South West Lancashire ICAN, the Independent Community Advice Network, gives free advice on debt, employment law, welfare benefits and rights and health and safety as well as helping with IT and job search skills including CV writing and interview techniques.
For further information or help contact ICAN on 726269, or email firstname.lastname@example.org www.swlican.co.uk