CWN - News & Information for Coventry & Warwickshire 20x21spacer.gif (59 bytes)What's New?Search CWN
Lots Of Interest In Leamington Credit Union

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 process. 

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 Whitnash.

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 Spa.

“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.

“The main 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 rates.

“On a long term basis, it is hoped that further developments will include Warwick and Kenilworth.

“Warwick District 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.

  • Coventry already has several credit unions, and there are plans to set one up in Rugby.

1x22rule.gif (89 bytes)
Brooklands Grange

150x15more.gif (274 bytes)



HST Computer Services

Help support CWN - buy your books online with Amazon

Have your say on TalkZone!

CWN / Politics / Warwick District Council / 09 Aug 00

©1995-2000 Coventry Internet Developments Ltd

This page modified on 10 November 2008 09:49:15AM