Tuesday, 30 November 2010 12:00 AM
Those searching for affordable loans and a safe home for their savings need look no further than a brand new website from ABCUL - the Association of British Credit Unions. www.findyourcreditunion.co.uk is an easy way for people to find their local credit union.
Around 80% of people in England, Scotland and Wales can join a credit union because of where they live, work or the organisations they're members of, and this is growing all the time. Now there's one place where they can find out about the credit unions they can use.
"Whether you want to save or borrow, chances are there's a credit union near you," explains Mark Lyonette, Chief Executive of ABCUL. "Now, for the first time, all of the 450 plus credit unions in Britain will be able to add their details to one website, making it easier to find a credit union - wherever you live or work."
Credit unions are independent financial co-operatives, owned and controlled by their members and regulated by the Financial Services Authority. Almost one million people use a credit union in Britain.
Visitors to the new website can search for a credit union using their postcode, their employer's name or details of any associations they belong to - such as trade unions or religious groups.
ABCUL is also relaunching its own website - www.abcul.coop - at the same time, with lots more news and information about credit unions.
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Notes to Editor:
ABCUL is the main trade association for credit unions in England, Scotland and Wales. At the end of June 2009, ABCUL's 325 credit unions were managing nearly £450 million of members' savings on behalf of over 550,000 people, and had over £375 million out on loan.
ABCUL is the country's largest development, information and training network for new credit unions. It is a democratic, not-for-profit organisation and is improving day-to-day operations, legislation and regulation for all credit unions.
Credit unions are financial co-operatives owned and controlled by their members. They are licensed deposit takers, authorised and regulated by the Financial Services Authority and they are covered by the Financial Services Compensation Scheme, so the first £50,000 of a member's savings are completely safe.
For more information contact Shaun Fisher at Ethos public relations: