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.
You may also want to watch:
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.
Most Read
- 1 Nature lovers' dream? Two wildlife paradises for sale
- 2 Dancers' dilemma: Pier show cast priced out by Airbnb
- 3 Fond farewell for lifelong Cromer crab fisherman
- 4 'A nightmare' - Roadworks cause traffic chaos in North Walsham
- 5 Demolition of seaside hotel begins
- 6 'Truly sorry' - Former rival pays damages to Norfolk MP
- 7 Influencer loses one-of-a-kind wedding ring at coast
- 8 County council election 2021: Who is standing in north Norfolk?
- 9 Cromer florist 'delighted' as new business flourishes
- 10 See inside the boutique hotel with spa centre reserved for guests
For more information visit www.norfolkcu.co.uk or phone 01508 533842.
