A ground breaking Credit Union partnership which aims to promote financial inclusion and choice for people living in south west England was launched at an event held this week in Exeter.
The innovative partnership between nine south west housing associations and a local Credit Union, Westcountry Savings and Loans, aims to bring Credit Union services to customers, communities and staff to tackle the issue of high cost credit by providing affordable, trusted financial products.
Westcountry Savings and Loans is an alternative home for savings and source of affordable loans. It is owned by, and run for the benefit of its customers who are all members of the organisation. The company’s mission is “for people not profit”; no profits go to external shareholders and any interest on borrowing is recycled back into the Credit Union to enable it to serve more customers and offer better rates, products and services for the benefit of communities across the south west.