Credit unions
We need to do more to ensure that our financial services industry meets the needs of the whole UK economy. In this country it is primarily credit unions that offer affordable credit and banking services to thousands who would otherwise be unbanked. It is important that the Government continues to assist credit unions to ensure that they are strong and sustainable. This will involve expanding the range of services that credit unions are able to offer so that they can offer the maximum assistance to ordinary people in these testing economic times.
Latest articles on Credit unions
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#SaveBianca! Ask your MP to vote for the End Legal Loan Sharking Amendment (18 Apr 2012)
Co-operative MP Stella Creasy has tabled an amendment to the Financial Services Bill which has cross party support, including from Conservative MPs. This would give regulators powers to tackle the problems caused by legal loan sharking. Please help this become law by asking your MP to join us and vote for this amendment next Monday 23 April 2012. The [...]
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Labour Liverpool pledges £1 million for credit union (31 Mar 2012)
Great news from Liverpool, one of the first members of the Co-operative Councils Network, where the Council Leader and Labour’s candidate for Mayor Joe Anderson announced £1 million for a city-wide credit union to help people avoid using loan sharks. In his Joe for Liverpool manifesto, Cllr Anderson pledges that “I will set up a [...]
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Move Your Money: if the banks won’t change, you can (23 Feb 2012)
Today the Royal Bank of Scotland, which also owns Natwest and is 83% owned by the taxpayer, announced bonuses of £800 million despite losses amounting to £2 billion. Meanwhile their score of -13 on Yougov’s consumer confidence index means RBS remains the least popular bank in the country. They’re not alone. Over coming days, Lloyds [...]
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Credit union reform initiated by Ed Balls finally passed (8 Nov 2011)
Today Parliament finally approved changes to legislation which will free up credit unions to reach many more members, including community groups and businesses. A Legislative Reform Order, which makes changes to the Credit Unions Act 1979, has been approved by Parliament and new rules that enable credit unions to compete more effectively with banks and [...]
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Celebrating International Credit Union Day (20 Oct 2011)
Credit unions – the co-operative financial institutions providing affordable credit and savings – are today celebrating International Credit Union Day all around the world. This year’s theme – Credit Unions Build a Better World – celebrates the important economic and social contributions credit unions make to their communities worldwide. ICU Day takes place every year [...]
