Introduction to Credit Union for SELHAG

A financial co-operative, owned and run by its members

Members must currently have a “common bond” between them, such as living or working in a particular area

Led by a volunteer board, but often professionally managed

Offers basic financial services of savings, (sometimes) current accounts, and affordable loans

Formed in 1992 as “ACTS” Credit Union

Founded by Churches in the Sydenham and Forest Hill area

Now covers all of the London Borough of Lewisham

Has over 5,000 members (including Juniors), with over £1m both of savings and loans

Offers a full range of services, including the credit union current account

Offers a place to save

Enables people to gain access to a current account in a setting many find more friendly and supportive than a Bank

Can be a source of general help and guidance on money and budgeting matters

Offers affordable loans to members, including those on low incomes, often at much better rates than available elsewhere

Come to our offices at 262 Kirkdale, Sydenham (Open Monday to Friday 9.30 – 1PM)

Call us on 0208 778 4738

By email at Manager@Pluscu.co.uk

Via our website www.pluscu.co.uk

Make residents aware of credit union services

Identify particular residents who can benefit, and refer them to the credit union

Make residents aware of the Credit Union Current Account as an alternative to mainstream Banking

Actively discourage the use of “high cost” credit