Friday, 28 June 2013

Credit Union in Teignmouth

Councillor Donald Baldy and I will be calling on Teignmouth Town Council to support the Devon credit union - Plough & Share. The rise in living costs and the pressure on family finances mean some people are turning to high interest (pay-day) loans and loan sharks to make ends meet. Credit Unions offer fair and affordable financial services, which are regulated. Plough and Share Credit Union is a co-operative, owned and controlled by its members. It promotes savings, provides credit at reasonable rates, and provides financial services to its members. It's authorised and regulated by the Financial Conduct Authority, and is a member of the Financial Services Compensation Scheme - so investors' money is safe. Donald and I want the town council to support Plough and Share Credit Union, by getting Bitton House to be a Service Point, and to work with Teign Estuary Transition to promote the credit union.

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