MP visits credit union
LIVINGSTON Credit Union are helping to ensure people in the town get a fair deal for their money, even in these tough times.
Organisers of the union said they are delighted to see a rise in the number of people saving since they opened their new shop unit at The Centre in April last year.
Shares held by members of Livingston Credit Union, now top £1 million and over £3 million has been given out in loans.
And Parliamentary Under Secretary of State for Scotland, Ann McKechin MP, visited the credit union recently to find out for herself about the work they are doing.
Over 700 adults and 100 children have opened savings accounts with the union and many are now enjoying access to low cost loans.
Directors of the union say at a time when more cheque cashing facilities are opening in Livingston, they are keen to ensure people learn of the benefits of the credit union, offering an ethical and low cost alternative to high interest lenders or high street banks making borrowing more difficult for many people on low incomes or in receipt of benefits.
President Nancy MacGillivray said she was pleased to welcome the politician to the credit union.
She said: “We look forward to meeting with Ann McKechin MP and illustrating the difference that shop front premises have made, at a time when people are still looking to access more affordable and ethical financial services.
“We are pleased that we can now offer these services at a location which is more convenient and with longer opening hours.
“We hope to welcome many more savers, particularly at the moment when people may be starting to think about saving for next Christmas”.
Livingston Credit Union are a voluntary not-for-profit organisation, and have been operating since November 1998.
Some 11 years later, there are now over 700 children and over 2600 adults saving regularly.
The credit union are regulated by the FSA and savings are protected through the Financial Services Compensation Scheme.
For more information contact the office on 01506 436666 or visit the shop at Unit 57A, near the Royal Bank of Scotland, in The Centre.