Credit unions welcome fresh funding

The move is seen as a further demonstration of the government’s commitment to helping those people across the UK who are impacted by issues of financial exclusion and can often find themselves facing debt management problems.

And with the scale of Britain’s debt management mountain continuing to increase, Abcul is keen to see money made available for credit union efforts nationwide.

Commenting on the Treasury announcement, chief executive of Abcul Mark Lyonette said: “This is a further demonstration by the government of its commitment to the good work that our sector is doing in making affordable credit and banking services available to the financially excluded.”

“We are especially pleased to see support for the new credit union current account…as we believe this is a landmark product in the financial services sector,” he added.

Last month, the minister of state for the Department of Work and Pensions Jim Murphy praised the efforts of credit unions in helping to improve the lives and financial situations of impoverished people throughout the UK.

track

Tell others:

shortlink

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close