Credit unions 'promote savings culture' by Finance News Bulletin

Published: 14/12/07

touching accounts from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "considerably" affect home contents insurance, warns NFU MutualAxa is launching My Budget Day on November 21st in an effort to encourage people to take manage of their financesCredit unions serve to promote a investments culture and take care not to allow people to borrow more from them than they can have enough money, an industry body has claimed

According to Abcul, the main deal association for UK credit unions, borrowers are always assessed to make sure they do not have access to loans that they would be unable to affordAt the same time, credit unions often provided populace with small loans that they would be not capable to obtain from a bank, thus allowing them to avoid doorstep lenders, a orator said"By taking a loan from a praise union, these borrowers have the knowledge that they are dealing with a nearby owned financial co-operative, rather than a door pace lender," he explainedHe added: "Credit unions endorse a saving culture and because they are often group of people based they have offices and branches in localities not served by many banks

"According to a Family capital survey undertaken last year, 90 per cent of hoemployholds employ a current

Visit original article: