Rutherglen MSP praises work of local credit unions after Scottish Parliament event
dailyrecord.co.ukRutherglen MSP Clare Haughey has praised the work of local credit unions, following an event at the Scottish Parliament where she caught up with Rutherglen-based 1 st Class Credit Union.
The credit union sector has seen significant growth during the ongoing cost of living crisis, in part driven by the closure of local banking services.Credit unions enable their members to have ready access to face-to-face financial services and advice within their local community.
As well as providing low-cost loans, they can assist members to develop manageable savings habits, and help them avoid the pitfalls of more expensive and potentially unregulated lending.The Lanarkshire Live app is available to download now.
Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android Because they are owned by their members, any surplus cash credit unions make can be fed back directly to their members, supporting the financial security of the communities they serve.
Read more on dailyrecord.co.uk