Credit Union achieves savings landmark

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LOCAL folk who save together as members of Angus Credit Union now have over £100,000 in combined deposits. Wendy Warden made the deposit which took the combined total over the landmark figure, and was delighted to hear about it.

Wendy knew about the advantages of credit unions from living in Ireland, where credit unions are very popular.

She explained: “When I quit smoking I decided to save the money I had been spending on cigarettes. A friend told me about Angus Credit Union and so I decided to become a member. I now have a great little pot of money that is put aside for a rainy day and for my son, and it will continue to grow.”

Wendy is also planning to use part of her savings to pay for the extra expenses at Christmas.

The savings landmark is just one of the strong growth areas for Angus Credit Union over the past year. Membership has increased by 35 per cent and loans taken are up by 65 per cent.

The credit union is steadily increasing the number of Angus primary schools involved in their Smiley Savers scheme, so junior membership has risen by 66 per cent. The credit union was recently presented with an Angus Enterprise award for the excellent money management workshops their development manager Paul Mitchell has been running for primary six and primary seven pupils in 2011.

“In these tough financial times we are really pleased to see that more and more Angus people are choosing their local credit union for their savings and loans”, said Linda McDonald, one of the volunteer directors.

“We provide an affordable alternative to the high-cost loans offered by other providers, and we help local money to stay in our local economy.”

For more information about Angus Credit Union and its savings and loan services, contact their office on 01307 463388 or check them out online at www.anguscreditunion.co.uk.

Angus Credit Union is supported by the Big Lottery Fund and Angus Council.