Middlesbrough South and East Cleveland Labour MP Tom Blenkinsop yesterday (19th September 2012) met with representatives from Redcar and Cleveland Credit Union Development Agency (RCCUDA) to talk about credit unions and what they can offer people.
“Credit Unions are a fairer way for people to save and access credit in their community. Rather than paying huge interest rates from loansharks or lenders like Wonga, who charge an APR of 4214%, Credit Union loans are much more affordable option and I was really pleased to be able to join today. I would urge constituents to look into joining, as I am sure they will be pleased with what they can offer.
“Redcar and Cleveland Money Tree Credit Union has an important role to play in our community – particularly in these difficult economic times. Families who are scraping by, living from pay cheque to pay cheque can easily find themselves in difficulty through a one off emergency; a job loss or other circumstances chance and finances are stretched beyond breaking point. The Credit Union is there to help them save and to access affordable credit when needed.”
June Norman, Redcar & Cleveland Credit Union Development Agency Support Worker, said:
“As well as savings, which can be just a couple of pounds a month, we offer prepaid debit cards and loans too. Our main aims are to encourage members to save on a regular basis and to provide members with help and support on managing their financial affairs.”
If you wish to become a member of R&C Money Tree Credit Union you can go to your local Collection Point and someone will help you to fill in an application form, and will explain some of the benefits of joining R&C Money Tree. You need to take 2 forms of ID, one with your photo on it and one stating your current address, for example a utility bill.
Collection points in East Cleveland:
- Loftus Youth and Community Centre – Tuesday 10am until 11am
- Skinningrove Village Hall – Thursday 11am until 11:45am
- Jubilee Hall, Carlin How – Tuesday 2pm until 3pm
- Skelton Library – Monday 2pm until 3pm
- Saltburn Library – Monday 10am until 11am
You can find more information on Redcar & Cleveland Money Tree Credit Union at http://www.rcmoneytreecu.co.uk or by phoning RCCUDA at 01642 488227