Credit Union coming to Sutton
Sutton Housing Partnership, Sutton Federation of Tenant & Resident Associations (SFTRA) and the London of Borough of Sutton are all backing proposals for a ‘not-for-profit’ people’s savings and loans co-operative in the borough.
Discussions are underway to extend the Credit Union, based in Croydon, to cover the residents of Sutton. The Credit Union offer help and support to those who are unable to access financial services such as bank accounts or loans, often due to low incomes or poor credit ratings.
This will mean that residents will not only have access to safe, affordable credit but also the support to plan for the future. As the credit crunch deepens, this could be of enormous benefit to those who would otherwise resort to high interest money lenders or even loan sharks. To read more and pledge your support click here |