Credit union in first national tie-up
More than 160,000 social tenants are set to be the first to get a financial kick-start following the Government's relaxation of "common bond" geographic credit union rules.
The national housing association Affinity Sutton will offer its residents the opportunity to join Leeds City Credit Union, giving many of them access to basic financial services for the first time.
Social tenants account for three-fifths of the UK's financially excluded people, who are turned down for a bank account but are unable to join a credit union because there is not one nearby. Many have fallen into the clutches of unscrupulous payday lenders.
The residents will be offered a range of online and phone-based services, including "jam jar" budgeting accounts, savings and low cost loans.
Stephanie Noyce of Affinity Sutton said: "Many residents are struggling to make ends meet so they are inevitably tempted to use high cost lenders such as payday loans. Our partnership with LCCU will enable us to fill this gap."
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...