We would like to wish all our members, friends and followers the very best for the festive season and we look forward to providing fair and affordable financial services to many more people in 2022.
2021 has been another year filled with the uncertainty of coronavirus and, although things have improved thanks to the vaccine programme, the latest variant is causing concern. While none of us know what’s around the corner, we’re hopeful that things will keep progressing around the world and that one day everyone can live a more normal life again.
We would like to thank all the brilliant NHS staff who have done so much for us in London and around the country. These vital workers continue to go beyond the call of duty despite the stress and exhaustion that many have had to cope with. In fact, all keyworkers deserve our appreciation in these challenging times.
In just the last year, here at the Credit Union, we have issued over £5 million in loans, up by 15% on the previous year, as we help more people spread the cost of their purchases with our ethical Saver Loan. While we are pleased to be able to support many more individuals, this highlights the cost of living crisis that many of us now face thanks to benefit cuts, soaring energy bills and rising inflation.
Our ethical loans provide a fair and affordable alternative to expensive credit card debt, high interest lenders and loan sharks, and we are pleased to be helping some of the most vulnerable in our communities with the financial support they need. We are also happy to be working with many local and national employers to provide salary savings and loans schemes for thousands of their employees.
As an ethical business, one of our goals at the Credit Union is to help move people out of debt and into saving, and we offer a range of savings accounts to meet different needs. In fact, we rely on our savers to create the funds we need to provide our low cost loans, so please do consider saving with us if you can.
We’re hoping that 2022 will be better for everyone and we look forward to providing financial services to many more people in the coming months.
Season’s Greetings from all of us at the Credit Union