Pendle MP marks International Credit Union Day

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Pendle MP Andrew Stephenson celebrated International Credit Union Day in Parliament by urging Pendle residents to join their local credit union.

Mr Stephenson is a member of Pennine Community Credit Union (formerly Pendle Community Credit Union), which has branches in Nelson and Colne, and an active member of the All-Party Parliamentary Group on Credit Unions.

He said: “Credit unions do fantastic work by providing the whole of their communities with ethical, affordable financial services and keeping funds in that community.

“By encouraging savings and providing affordable loans and other important financial services, credit unions make a real difference to the lives of over a 1.4 million people in the UK.

“Credit unions are a great international success story. In the US, for example, more than two in five people are credit union members.

“Here in the UK they are growing quickly by providing the services that their members need and returning any profits back to those very same members in dividends and lower loan rates.

“I’d like to take this opportunity to thank all the volunteers who have built the credit union up to what it is today and urge residents to become a credit union member, for better financial health for both them and their neighbours.”