AUG 00] WARWICK
DISTRICT COUNCIL NEWS
Lots Of Interest In Leamington Credit Union
BY ARRYN BUGGINS
A credit union is
being launched in Leamington on Monday, and the scheme is likely to
extend to Warwick and Kenilworth in the next three years.
James Plaskitt MP
will address the opening on the government’s plans for social
inclusion and hew credit unions play an important part in this
With some people less
able to have a bank account, credit unions help people spend and
borrow within their own community at lower interest rates.
And the team behind
the union will then hold open days to tell residents of the town how
they can join in.
The first will be at
Lillington community centre on Saturday 19 August, and then St
Patrick’s Irish Club the following day, which will become regular
weekly collection points. Extra points will be set up in Old Town and
Kirsty Russell policy
and projects officer with Warwick District Council, will chair
Monday’s opening. She said:
“The event is a
celebration of the opening of the credit union, after three years of
dedication from a group of local volunteers and the support of the
district and county councils.
”It is also an
opportunity for people to find out more about the workings of a
credit union and why it is an important development for Leamington
“The union is
open to anyone who lives or works in Leamington Spa, and only £1
and two forms of identification are necessary to become a member.
benefits to members include being able to save small amounts on a
regular basis, which mainstream banks seem not to be interested in,
and the opportunity to borrow small amounts at very low interest
“On a long term
basis, it is hoped that further developments will include Warwick
Council has recruited a full-time worker to assist with this over
the next three years and in the immediate future to ensure the success
of the Leamington Spa credit union.”
The launch will be
held on Monday morning at Leamington Town Hall with the mayor of
Leamington, chairs of the district and county council, plus the chair,
vice-chair and treasurer of the credit union.