New credit union opens in Honiton
PUBLISHED: 10:00 13 June 2013
Volunteers hold the service points first session.
A new credit union service point has opened its doors in Honiton.
The Plough and Share service point, which is manned by a team of volunteers, launched last week and will be based at TRIP Community Transport Association office in New Street.
It proivdes a access to a range of saving products and is regulated by the Financial Services Authority (FSA) and owned by its members.
Volunteer Marianne Harman said, “A credit union is not just for when you’re struggling it’s an ethical, sustainable alternative for everyone and we hope to see a wide cross section of the town through our doors on Monday afternoons.”
East Devon District councillor Stephanie Jones stopped by during the service point’s first session.
She also spoke with volunteers to discuss the work being done by the illegal money lending team at the district council.
Cllr Jones added: She said: “This is absolutely fantastic for the town and much needed.
“Credit Union provides real community support and access to fair financial services for everyone.”
Anyone interested in volunteering or would like more information call Marianne Harman on 01404 41585.
The service point will be running every Monday from 1pm to 3pm.
Paula Anscomb, Plough and Share manager said: “We are delighted to bring our services to Honiton existing members and welcome new members. Our service points are run by our professional and enthusiastic volunteers, in keeping with our ethos of being a local, ethical and friendly loans and savings co-operative – the best answers are often local ones.
“Those who are turned down by high street banks often turn to high cost borrowing, when money is borrowed from Plough and Share it is often recycled in the local community and with considerable lower borrowing rates than short term and doorstep lenders.
“We wish our volunteers in Honiton success with their service point and would encourage those who are thinking about getting a loan or who would like to start saving to go along and have a chat about their financial requirements.”
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