Credit Unions held up by Parliment

Cllr Steve Carroll and Director, Margaret Carter, at the recent opening of our New Cross Collection Point, Outram Street, Sutton-in-Ashfield

Cashfields is a community savings and loan co-operative run for and by the people of Ashfield. We provide a safe and convenient way to save your money and access to low-cost loans if you need them. We also provide free life insurance.

Have a look through our website to learn more about our services or you can always give us a call on 0115 9521455

Credit Union Facts

~ 18,000 people now hold current accounts run by Credit Unions.
~ At the end of 2008 1.7 million current accounts had been made.
~ In 2008 Credit Unions in the UK provided services to 638,000 adult members and 100,000 children and young people.
~ Worldwide there are 172 million members of credit unions.
~ Most of the adult population of the UK are eligible to join a Credit Union.

Latest News

Heres a post on 24dash.com about how the progression of credit unions is being held up by Parliment.

“Legislation that will free up credit unions to enable them to provide affordable credit to larger numbers of members across a wider area and to lend to small businesses is stuck in the committee process in Parliament. The legislation would have swept away restrictive rules that prevent a credit union from serving a wider area than one London borough. It would have also allowed credit unions to make loans to small businesses.”

This entry was posted on Wednesday, December 9th, 2009 at 6:14 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.