Credit unions thrive during recession
CREDIT unions are multiplying in north Norfolk as savers shun high-street banks in favour of locally-controlled finance.Trained volunteers are opening new branches based on north Norfolk's area partnerships.
CREDIT unions are multiplying in north Norfolk as savers shun high-street banks in favour of locally-controlled finance.
Trained volunteers are opening new branches based on north Norfolk's area partnerships.
Poppyland Community Bank was formally launched on Monday , operating from Merchant's Place, at 16 Church Street, Cromer.
A Happing branch is flourishing at its base in the schoolroom behind St Mary's Church, Stalham.
Volunteers are waiting to be trained ready to run an Upcher branch in Sheringham, and as soon as enough volunteers have been recruited and trained, a Griffon branch will be launched, serving North Walsham and its 25 surrounding parishes.
'The current financial climate has had a significant impact on our business. Our membership more than doubled in the last financial year and loans trebled. This year we are growing even faster,' said Alan Squirrell, (pictured) president of Norfolk Credit Union Ltd, based in Long Stratton.
- 1 Man charged with drink driving after crash into wall
- 2 Bid to open glampsite in north Norfolk meadow
- 3 Eight cosy cafés in north Norfolk to visit this winter
- 4 MAPPED: Where thousands of homes could be built in north Norfolk
- 5 Two rescued from sinking fishing boat
- 6 Three homes for sale in Norfolk village named one of the poshest in the UK
- 7 North Norfolk man charged with drugs offences after arrest in Wales
- 8 Plan B measures to be scrapped across England
- 9 Meet the couple who won holidays by the sea for a year
- 10 Move to make second home owners pay more tax is welcomed
For more information visit www.norfolkcu.co.uk or phone 01508 533842.