Monday 22 February 2010

Credit Union opened in Ashton


UNIFY EXPANSION

I was very pleased to be invited to the opening of a new branch of the Credit Union at Captain's Lane Community Centre last week. As someone who has worked with people suffering because of large debts and who have borrowed from lenders who charge extremely high interest rates I have seen at first hand what a difference joining a credit union can make to people's lives.

Unify Credit Union, Wigan’s largest financial co-operative has just opened its newest Community Collection Point at Captain’s Lane Community Centre in Aston-in-Makerfield, each Tuesday from 2.30pm to 3.45pm. The collection point is the second in the Ashton area as one also exists at the Priory Road Day/Community Centre each Thursday from 2.30pm to 3.45pm. This is Unify’s seventeenth community collection point, in addition to their 22 school collection points (where children can save alongside parents and school staff) and their main branch in Ince. Work is now underway to open their second branch at 12 Market Street, Leigh, enabling residents on the eastern side of the borough closer access to low cost loans, safe savings and financial help and support.

Background to the credit union

Unify was established in 2002. Its membership has grown year on year and currently Unify has over 5000 members saving with them and borrowing from them. With loan interest of just 1% per month (12.7% APR) on the reducing balance, you would be hard pressed to find a better place to borrow from, particularly in the current credit crunch climate. As a not for profit organisation members receive a share of the profits each year in the form of a dividend. In 2009 members received a 2% dividend on their savings. They also offer adult members free life insurance.


Anyone wanting further information should telephone 01942 701706.

I would also like to thank Ann Rampling her daughter Charlotte,Sheila Brown, Ken Barston and Joan Jones for giving up their time for free to make the credit union such an asset for the people of Ashton.

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