Importance of credit union/community bank lending highlighted

Interesting article from the i newspaper published recently

Membership of credit unions soars as Britons struggle to get loans through mainstream lenders

Among the Key Points:

Adult membership of credit unions (including community banks) has risen to 1.9 million, the highest ever level

Total loans were £1.74bn

The most expensive credit union/community bank loans can be eight times cheaper than a payday loan

To read the full article click here

St Albans Community Bank is a member of the credit union movement and is open to anyone who lives or works in Hertfordshire


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