Credit Union

North Wales

Quakers

 

Crynwyr

Gogledd Cymru

An image of the Quakers' bi-lingual symbol.

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The group has a three stage strategy, initially with individual Friends and Meetings across Britain, to find out how involved they are with Credit Unions, then sharing that information with Meetings, and offering support for those who want to get more involved with Credit Unions. We aim to improve links between central work and local meetings, and make useful outreach into our local communities and financial institutions. The group has received a £500 grant from the QPSW innovation fund.

 

The Credit Union survey is now live in English and in Welsh. The information about the concern of the group and the survey has been sent to QPSW staff who are sending it with the links out to all meetings in the UK. A variety of pieces on the Credit Union group's concern and the survey have been prepared for a number of Quaker publications in order to spread the word. People all over the UK are now starting to complete the survey which will be open until the end of April. Following this, the Credit Union group will assess the best way forward to promote the use of Credit Unions amongst Quakers.

 

 

 

 

 

Peter Higgins, Tricia Jones and Helen Still (26.02.17)

 

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This group started after a workshop on money in 2015. We feel called to put our faith into action to combat inequality, and are led by the belief that one way in which our Society could promote equality in Britain, and help to rectify imbalances in access to financial services, is to encourage Quakers to use and become more involved in Credit Unions - these provide ethical savings and loans at fair interest rates, reducing the need for people to turn in desperation to high interest legal and illegal money lenders.

 

We have spent many hours talking with, and learning from established credit unions; visiting local credit unions, attending training days for credit union boards of directors and working closely with the Association of British Credit Unions, the government supported trade association which validates UK credit unions. We have also had a Your Faith Your Finance workshop by QPSW (http://www.quaker.org.uk/our-work/economic-justice/ethical-finance), which helped us with ethical and sustainable finance options.

 

We have a 3 stage strategy, initially with individual Friends and Meetings to find out how involved they are with Credit Unions, then sharing that information with Meetings across Britain, and offering support for those who want to get more involved with Credit Unions. We aim to improve links between central work and local meetings, and useful outreach into our local communities and financial institutions.

 

Peter Higgins, Tricia Jones and Helen Still

 

Economic Justice Group

North Wales Credit Union Group