Paul Goggins Opens New Credit Union in Wythenshawe - 07/07/2009 |
 Local MP Paul Goggins helped open the new Manchester Credit Union offices in Wythenshawe Civic Centre on Friday, 3rd July.
Manchester Credit Union is a not-for-profit financial co-operative serving people who live or work in the city of Manchester. Credit unions provide affordable financial services to their members, including offering savings, loans and a whole range of other financial services.
Paul Goggins said: “I am delighted that Manchester Credit Union has opened new offices in Wythenshawe Civic Centre. Credit Unions are run by local members for local members, and I hope that being placed in the heart of the community will help them reach out to new people who require financial assistance and advice during the current economic downturn.
“Many people, particularly those living on low incomes, experience financial exclusion – leaving them unable to access standard bank accounts, low cost loans and finance. This can lead to them being unable to access services such as bill payment by Direct Debit and can lead to an over reliance on high APR loans and products, often purchased from doorstep lenders. Credit unions offer a cheaper and more reliable alternative to doorstep lenders.
“Manchester Credit Union offers affordable and accessible financial services to members and is authorised and regulated by the Financial Services Authority. And all these services are now supported by dedicated, well-trained staff in Wythenshawe. I have been a member of the local credit union for a number of years and know from personal experience the positive difference they can make.”
[Photo: Paul Goggins MP with Manchester Credit Union Chief Executive Christine Moore, Manchester Credit Union Chairman Tim Presswood and local councillors Eddy Newman and Brian O’Neil, opening the new Credit Union offices.]
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