700 sign up to join city's credit union

MORE than 700 people joined Glasgow Credit Union in the run-up to Christmas.

Loading Comments
Share
Print

Thousands of people are signing up to credit unions as an ethical and affordable alternative to high-interest money lenders.

In the last two months of 2013, Glasgow Credit Union dealt with more than 1600 inquiries and signed up 733 new members - a 260% increase on the previous year. The influx followed the Scottish Government's '12 Days of Debtmas' and 'A Helping Hand with Debt' campaigns.

Enterprise Minister Fergus Ewing said: "Credit union membership enables Scots at every income level access to loans, repayable at a more affordable interest rate than those of payday lenders, which can be as high as 5000%.

"I urge businesses not already associated with a credit union to consider this free employee benefit."

Kingdom Credit Union in Fife attracted 391 new members in November and December last year.

Local government

Commenting & Moderation

We moderate all comments on Evening Times on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

151422

Have you got a story?

Contact the news desk on 0141 302 6520 or email news@eveningtimes.co.uk
            Michelle McManus            
                       

Michelle McManus

                       

Sussed in the City

                       

What Robert De Niro and my mum have in common

           
Free swim at a Glasgow Club pool for every reader - Click here

Entertainment

Lifestyle

Wedding
Janice Bell

Janice Bell

You couldn’t make up half the stuff that happens to PA Janice Bell- some of the jams she gets herself into are worth a story or two.

                Games news:                
                               

Putting the world to rights

                               

Gail's Gab

                               

Embrace the sun but be careful

               
Cat’s Eyes on Glasgow

Cat’s Eyes on Glasgow

Cat Cubie’s job is to find and share with you the fabulous things the city has to offer, from gigs to gastro.