Islwyn credit union opens
4:40pm Thursday 26th September 2013 in News
A NEW collection point was officially opened by Islwyn Community Credit Union in Cwmcarn.
Cwmcarn Institute is to host the weekly collection point, and an appeal has been made for both volunteers and members to join up to the credit union.
MP Chris Evans, local Councillor Ken James, his wife, Mary, Blackwood Councillor Nigel Dix, Father Kevin Payne, former Assembly Member Irene James and Lord Don Touhig were among those at the ceremony.
They assembled, along with members of the community, at a packed launch at the historic Cwmcarn site last Friday. The collection point will be open every Tuesday from 10am until noon.
Mr Evans said: “It is up to all of us to promote the work of the credit unions to stop people falling into the hands of predatory loan sharks.
“These payday loan companies have massive advertising budgets and can reach millions of vulnerable people with just an advert on daytime television.
“That is why it is so important that all of us tell our friends and family about the excellent services on offer at Islwyn Community Credit Union. “I hope everybody in Islwyn will join us in opening an account. I am so pleased to see Islwyn Community Credit Union expand in this way.”
Cllr Dix, chairman of the board of directors, said: “It’s important to remember that all we do is dependent on our dedicated team of volunteers, who give their time for free to ensure that communities across Islwyn have the opportunity to save and borrow money, without having to go to high street lenders, who often charge eye- watering rates of interest.
“I would like to thank our volunteers for all their hard work.”
To find out more call the credit union on 01495 222832 or visit www.islwyncu.co.uk.
Comments are closed on this article.