Haringey Council is working to set up a credit union in the borough. Credit unions are financial co-operatives owned and controlled by their members. They offer savings and great value loans plus they are local, ethical and know what their members want.
The council has been working with Islington and City Credit Union to create Haringey, Islington and City Credit Union
– which will help protect vulnerable residents from falling prey to loan sharks, by offering affordable credit and help dealing with debt.
But to get the Union off the ground and officially recognised by the Financial Services Authority (FSA), people need to pledge to become members.
Joining the Credit Union will cost just £5, and membership is open to anyone who lives, works or studies in Haringey.
All members will own a share in the company, have access to savings accounts, financial advice and good value loans – and be part of a scheme to defeat debt.
To pledge support for the Haringey, Islington and City Credit Union, visit the Credit Union
website.Thanks to Liz Ixer Harringay online