New influx at credit union

Nov 13 2008 by Hudd Student2, Huddersfield Daily Examiner

A LOCAL credit union has seen an influx of new customers by offering a financial lifeline in the face of harsh economic times.

The Castle and Minster Credit Union in Kirklees has reported an increase of 29% in the past 12 months, boosting its member numbers to more than 6,000.

With the credit crunch well and truly upon us, the scheme helps those who are struggling with the current financial crisis by offering support where they have previously been turned away.

The scheme features a current account without overdraft facility, to cut out nasty interest charges, a healthy savings rate and borrowing facility.

Clr Ken Sims, Kirklees cabinet member for regeneration, said: “At a time when it is becoming increasingly difficult for people to get credit and loans, credit unions are offering financial support and throwing people a lifeline.”