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shillelagh · 13-01-2007, 16:14

I've borrowed this of lancashire county council website:

News : Expansion for credit union

Monday, 7th August 2006
(PR06/0296)

SAVERS and borrowers now have a third Hyndburn venue for their financial transactions.

Credit Union members in the area could formerly save and borrow only at collection points in Clayton le Moors (Willow Close Community Centre; 6.00 - 7.00pm each Friday and the Neighbourhood Management Office in Arthur Street; 10.00-11.00am each Saturday).

A new collection point has now been opened at the Citizens’ Advice Bureau at the New Era Centre on Paradise Street, Accrington. It will operate each Friday from 11.00am to 1.00pm.

Membership of the HHH Credit Union which is based in Haslingden and draws membership from people who either live or work in Hyndburn or Haslingden. It gives access to low-interest loans and the chance to start a regular saving habit.

Lancashire County Developments Ltd, Lancashire County Council’s economic development company, works closely with credit unions across the county as a means of helping people to financial independence.

County Councillor Wendy Dwyer, herself a member of the credit union, said: “Some credit union members are people who are unable to get ordinary bank accounts while others are just those who want to save money and budget their spending in a planned way.

“They can only start borrowing money once they have opened their account, show they have the ability to repay and want to save regularly. There are no hidden charges and the loan interest is based on 1% of the reducing balance at the end of each month. I firmly believe the work of credit unions is keeping people out of the clutch of the door-step lenders.”

The new collection point has facilities for processing deposits, withdrawals and low-cost loans. Payments may be made in cash, cheque, benefit transfers or standing orders.

Bill Greenwood, HHHCU director, added: “The amount that members save does not matter – it is the regularity of saving that counts. From the surplus income generated each year the member receives a dividend which is based on their average savings. Between the existing collection points in Haslingden and Clayton le Moors we have 650 members with a current total shareholding of £172,000. HHH Credit Union is a not-for-profit community cooperative owned and managed by its members.”

“Extending into Accrington will mean more people than ever will now be able to access low-cost loans and an opportunity to help themselves.”
If you would like more information, call in at one of the collection points or ring 01706 215082 for an information pack.

13-01-2007, 16:14	#32
shillelagh God Member Join Date: Jul 2005 Location: at the border .. Posts: 8,194 Blog Entries: 252 Liked: 1627 times Rep Power: 489677	Re: Loans I've borrowed this of lancashire county council website: News : Expansion for credit union Monday, 7th August 2006 (PR06/0296) SAVERS and borrowers now have a third Hyndburn venue for their financial transactions. Credit Union members in the area could formerly save and borrow only at collection points in Clayton le Moors (Willow Close Community Centre; 6.00 - 7.00pm each Friday and the Neighbourhood Management Office in Arthur Street; 10.00-11.00am each Saturday). A new collection point has now been opened at the Citizens’ Advice Bureau at the New Era Centre on Paradise Street, Accrington. It will operate each Friday from 11.00am to 1.00pm. Membership of the HHH Credit Union which is based in Haslingden and draws membership from people who either live or work in Hyndburn or Haslingden. It gives access to low-interest loans and the chance to start a regular saving habit. Lancashire County Developments Ltd, Lancashire County Council’s economic development company, works closely with credit unions across the county as a means of helping people to financial independence. County Councillor Wendy Dwyer, herself a member of the credit union, said: “Some credit union members are people who are unable to get ordinary bank accounts while others are just those who want to save money and budget their spending in a planned way. “They can only start borrowing money once they have opened their account, show they have the ability to repay and want to save regularly. There are no hidden charges and the loan interest is based on 1% of the reducing balance at the end of each month. I firmly believe the work of credit unions is keeping people out of the clutch of the door-step lenders.” The new collection point has facilities for processing deposits, withdrawals and low-cost loans. Payments may be made in cash, cheque, benefit transfers or standing orders. Bill Greenwood, HHHCU director, added: “The amount that members save does not matter – it is the regularity of saving that counts. From the surplus income generated each year the member receives a dividend which is based on their average savings. Between the existing collection points in Haslingden and Clayton le Moors we have 650 members with a current total shareholding of £172,000. HHH Credit Union is a not-for-profit community cooperative owned and managed by its members.” “Extending into Accrington will mean more people than ever will now be able to access low-cost loans and an opportunity to help themselves.” If you would like more information, call in at one of the collection points or ring 01706 215082 for an information pack.