Friday 07th May, 2021
Latest updates for our members
Under our ‘Corporate Member’ rule a Stirling church has deposited £15,000 with us. The church leaders recognised that money invested with us would help the local community - making funds available for lending. We were very encouraged by their support.
If you are a member of a church or local charity or community group you might encourage them to join us and invest some of the organisation funds to benefit our community: no interest is paid, only dividend (and making a difference).
We are still open for business! Borrowing from the Credit Union keeps your loan interest payments in our local community. Apply here
We have seen an increase in the number of members who have been struggling to make loan repayments on time.
However, some members do not respond despite repeated reminders. When a member ignores repeated offers over a period of several months to talk with us, we will (as we always have) take appropriate legal action for recovery - in order to protect the best interests of all members.
It may be a few months before we are allowed to operate Junior Savers in schools: we are of course disappointed - but keen to keep our Junior Savers actively saving!
Through these difficult times we are here to help our members manage finances.
STAY SAFE
Gordon Stewart, Chair
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority 214247
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