Can't Get Access to A Bank Account - Try Credit Union
Posted on 6th Dec 2016 at 09:57 ( Last updated on 6th Dec 2016 at 09:57 )
Credit Unions Providing Cash For All Ages
A Credit Union is a self-help co-operative whose members pool their savings to provide each other with credit at a low interest rate. This can often mean helping those who can’t get access to ordinary bank products; a lifeline for folks grappling with their finances. Plus, they can be a welcome alternative to payday loans or doorstep lending. Credit unions will now be encouraging children to manage their money through new Junior Savers Schemes.
Stirling Credit Union is set to receive £20,000 to set up new projects in schools. Additional funding will also be used to develop and produce a new Junior Savers toolkit which will provide booklets and online resources for both credit unions and schools to use to set up their own schemes.
To obtain a list of credit unions in your area log on to: www.scotlandsfinancialhealthservice.gov.uk and type in your post code, at the bottom of the home page.
If you are experiencing financial difficulties and would like free and impartial advice, contact Tracy Doran, our Income Maximisation Officer, on Direct Dial: 01786 431921 or alternatively Tel: Scotland's Financial Health Service on 0800 707 6696.