We’ve got really exciting news at Pop Shop Wiltshire…… but I’m going to let my co-founder Dan Gregory tell you about this one.
POP-UP CREDIT – POPSHOP WILTSHIRE AND NORTH WILTSHIRE CREDIT UNION ARE BRINGING A MORE AFFORDABLE FINANCE ALTERNATIVE ONTO THE HIGH STREET.
Popshop Wiltshire, Chippenham’s showcase for local, social, ethical and green products, is working with the local credit union to bring a new local, responsible and affordable finance alternative onto the high street. The shop, based in Emery Gate will host North Wiltshire Credit Union’s – now known as the Wiltshire Community Bank – services on Wednesdays from 11.00 until 1.00 from the 23rd October. Colin Ladle from the credit union will be on hand to provide advice and information on savings and loans, confidentially and with discretion.
Credit unions are not-for-profit organisations which enable their members to save on a regular basis and borrow at affordable rates. North Wiltshire Credit union is one of three credit unions operating in Wiltshire, covering Kennet, Swindon and north WIltshire, Chippenham and Devizes. North Wiltshire credit union offers a fairer and more responsible alternative to loan sharks and red-blooded payday lenders which can cause more problems than they solve, pushing people into a vicious circle of debt.
Earlier this year the Archbishop of Canterbury, Justin Welby, called on the Church of England to work with credit unions to compete the likes of Wonga out of business. The Business Secretary Vince Cable agreed that it was “right not just to condemn abuse but to offer alternatives which are more ethical”. Deposits with credit unions are covered by the Financial Services Compensation Scheme.
Ellie Gill from Popshop Wiltshire said “This is about helping the credit union to be more visible and accessible and reach out to more people in Chippenham and the surrounding area. Credit unions can offer a fairer and more social alternative to other more predatory lenders. This ethos chimes with the spirit of Popshop Wiltshire which aims to support local producers and craftspeople, increase local trade and showcase the work of social and ethical enterprise. We aim to offer an affordable, local and ethical alternative to business as usual.”Tags: affordable finance, Community engagement, credit unions, Dan Gregory, loan sharks, The Wiltshire Bank, Wonga