Jamie visits Keswick’s new Credit Union

14thNovember 2013

Jamie Reed, Member of Parliament for Copeland, today visited the new drop-in centre of the Allerdale Credit Union in Keswick.
During his visit, a cheque for £15,000 was handed over to the Allerdale Credit Union from St John’s Church, Keswick. This was the second week of opening for the drop-in centre, which is being held in the Crosthwaite Parish Rooms, every Thursday between 12pm and 1pm.
Jamie said:
“The Allerdale Credit Union, which currently has over 4000 savers accounts, encourages its members to save regularly, which is important, especially in times of economic downturn.
“The scheme is run by volunteers, and is very much a community organisation – Allerdale Credit Union savers can benefit from affordable credit compared to using a doorstep or pay-day lender.  
“The more money that the Credit Union holds as shares, the less money leaves the local economy, which is excellent news for both Keswick and West Cumbria as a whole.
“The Allerdale Credit Union’s loans are considerably cheaper than those of high-interest lenders, and this helps to prevent borrowers from becoming trapped in a debt spiral, with potentially serious consequences.” 

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