Post on 29-Mar-2015
Introduction to Credit Union for SELHAG
A financial co-operative, owned and run by its members
Members must currently have a “common bond” between them, such as living or working in a particular area
Led by a volunteer board, but often professionally managed
Offers basic financial services of savings, (sometimes) current accounts, and affordable loans
Formed in 1992 as “ACTS” Credit Union
Founded by Churches in the Sydenham and Forest Hill area
Now covers all of the London Borough of Lewisham
Has over 5,000 members (including Juniors), with over £1m both of savings and loans
Offers a full range of services, including the credit union current account
Offers a place to save
Enables people to gain access to a current account in a setting many find more friendly and supportive than a Bank
Can be a source of general help and guidance on money and budgeting matters
Offers affordable loans to members, including those on low incomes, often at much better rates than available elsewhere
Come to our offices at 262 Kirkdale, Sydenham (Open Monday to Friday 9.30 – 1PM)
Call us on 0208 778 4738
By email at Manager@Pluscu.co.uk
Via our website www.pluscu.co.uk
Make residents aware of credit union services
Identify particular residents who can benefit, and refer them to the credit union
Make residents aware of the Credit Union Current Account as an alternative to mainstream Banking
Actively discourage the use of “high cost” credit