Skip to content
Sign up to our: Newsletter | Newsfeeds

£422k awarded to Credit Unions across Wales

Communities and Children Secretary, Carl Sargeant has announced £422,334 for credit unions across Wales during 2017-18.
Tuesday 18 April 2017

The funding will help credit unions continue to support financially excluded members as well as help their longer term sustainability. Projects will include schools savings schemes and community engagement programmes.

Carl Sargeant said: 

“We know the importance of credit unions in helping people who are struggling to manage their money. The Welsh Government funding provided between April 2014 and December 2016 has helped credit unions support more than 29,000 financially excluded members with just over £23 million provided in loans to those who need this help. This demonstrates the role credit unions play.

“Credit unions are ideally placed through their relationships with local employers, schools and other community organisations to help strengthen the financial resilience of communities, through improved access to responsible credit and saving opportunities. In reaching out to local schools they help to encourage a savings habit from an early age.”

 

Share

Delicious
Delicious
Digg
Digg
reddit
reddit
Facebook
Facebook
 
About social bookmarking

Related

Links

Credit unions

Tags

People and communities 18 April 2017 Mid Wales North Wales South East Wales South West Wales
 
 

News by date

 
April 2017
M T W T F S S
<< Mar    
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Follow us on