Bishop to mark International Credit Union Day at event with Kent Savers

Date: Wednesday 16 October 2pm – 3pm

(Photo opportunity with Bishop Trevor, staff and users from Kent Savers 2.30pm. Interviews can be arranged)

Venue: All Saints church, Maidstone town centre

Details

The Bishop of Dover, the Rt Revd Trevor Willmott will mark International Credit Union Day, one day early, at an event in All Saints Maidstone, organised by the Diocese of Canterbury and Kent Savers Credit Union, on Wednesday 16 October (2pm).

The event follows a call from the Archbishop of Canterbury for churches to work with Credit Unions, to enable more people to access local, ethical and affordable financial services. The event will be attended by the Chairman of Kent County Council, volunteers, staff and customers from Kent Savers, along with representatives from churches, Barclays Bank, local businesses, housing associations and local authorities.

During the event, Bishop Trevor will symbolically join Kent Savers Credit Union to show his support for the ethical financial services they offer. Church representatives from across the Diocese will sign up to closer links with Kent Savers which will lead to local ‘branches’ operating in churches across Kent.

A video message of support from the Archbishop of Canterbury will be played and Kent Savers will launch their new online membership facilities and community investment account.

Bishop Trevor said:

“I’m delighted to become a member of Kent Savers Credit Union. We can all help make our local credit unions stronger by using their services.  I would encourage others to take the time this month to open a savings account or to consider using the credit union if they need a loan.  I would also urge local employers to help their staff access the services of a credit union by helping people to pay in through payroll deduction – this is the most valuable way we can protect people from the high cost lenders that have become so prevalent in our society.

“With a successful credit union in our community, we can be safe in the knowledge that people in need of affordable financial services have somewhere to turn when they may otherwise be tempted into reliance on high cost, risky lenders.”

Mrs Gail Devries, Chair of Kent Savers Credit Union Ltd, said:

“It is our pleasure to join in partnership with Canterbury Diocese so that more people can access the ethical financial services that we offer.

“We already have over 1200 members and we look forward to welcoming many more. We offer a range of services to members including personal and joint savings accounts, a Christmas savings scheme, loans with affordable repayments, and free life insurance. We have no external shareholders – only the members share in the profits – and our savings are as safe as they would be in a bank or building society.”

For more information on joining Kent Savers Credit Union, visit  http://www.kentsavers.co.uk/

More information on credit unions can be found at www.abcul.coop

During the week credit unions in over 100 countries are celebrating International Credit Union Day, which takes place on Thursday 17 October.

ENDS

Notes for Editors

Further information from:

Emily Shepherd, Director of Communications, Canterbury Diocese 01227 459 401, 07876 210 446, eshepherd@diocant.org

More information about Kent Savers:

http://www.kentsavers.co.uk/

Christopher Hunt, General Manager, Kent Savers Credit Union, chris.hunt@kentsavers.co.uk 0333 321 9050

About credit unions

Credit unions are financial co-operatives owned and controlled by their members. They are licensed deposit takers, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Savings held in credit unions are covered by the Financial Services Compensation Scheme, so the first £85,000 of a member’s savings are completely safe.

The maximum by law that a credit union can charge for a loan is 2% a month on the reducing balance (26.8% APR).

To find a credit union to join, people can visit:  www.findyourcreditunion.co.uk

Facebooktwittergoogle_pluspinterestlinkedinmail