Welcome to this year’s FREE members only raffle from your credit union for a luxury hamper and other prizes! The lucky winners will be drawn at random in the office on the 14th December and will be notified by phone that day so make sure we have your up-to-date phone number.” Don’t forget to follow us on Twitter and “like” our new Facebook page.”
The 2018 Budget includes a number of packages directed at supporting and promoting the role and work of the Credit Union movement in the Community.
The measures include:
Prized-linked savings scheme pilot for credit unions
Government has announced that it will launch a pilot of a new prize-linked savings scheme for credit unions to boost peoples’ financial resilience through encouraging saving and to raise awareness of the credit union sector.
No-interest loans scheme pilot
For some people, even borrowing from social and community lenders can be unaffordable. Therefore, the government, working with leading debt charities and the banking industry, will launch a feasibility study to help to design a pilot for a no-interest loans scheme early next year.
Dormant assets fund to target access to affordable credit
In August 2018, the government announced that a new independent body would be established to promote financial inclusion. It will be responsible for deploying an initial £55 million of funding from dormant bank accounts, primarily to address the problem of access to affordable credit.
Affordable Credit Challenge Fund
The government will provide £2 million to launch a challenge fund to promote innovative technological solutions that will harness the power of the UK’s world-leading Fintech industry to support social and community lenders.
Breathing space for people in debt
Following the Financial Guidance and Claims Act 2018, the Budget announces a consultation on a breathing space scheme for people in problem debt. The scheme will introduce a 60-day period of protection from creditor action to recover debts to help people make plans to pay back their debts in a sustainable way.
Allow Regulated Social Landlords (RSLs) to refer to sources of affordable credit
The government will simplify regulation to make it easier for RSLs to direct tenants to alternatives to high-cost credit.
The announcements bring long-overdue recognition of the work of the credit union sector within the community at large. The Credit Union’s main trade association ABCUL welcomes the schemes and is consulting with government and its member credit unions about their implementation.
Solent Credit Union is delighted to announce that it has been awarded a Grant of £4,723 from the Unity Trust Bank Credit Union Development Fund (CUDF) to develop digital marketing and its website.
Further details are contained in our Press Release.
The minutes of the Annual General Meeting (AGM) which was held on 28th June are now available along with other papers from the meeting.
The Annual General Meeting of Solent Credit Union will be held on Thursday 28th June 2018 from 20:00 until 21:00 at Avenue St. Andrew’s United Reformed Church, The Avenue, Southampton SO17 1XQ.
The minutes of last year’s meeting can be found by clicking on this link:
There are a number of our members for whom we have no record of an e-mail address.
Unfortunately the lack of e-mail addresses can result in extra expense because when we need to contact those members, for example to send out the notice of our Annual General Meeting, we have to send a letter in the post.
We would like to thank all those members (over 90%) who have already supplied us with their e-mail address, but would also like to request e-mail addresses from those members who have not yet supplied them.
We will be sending some text messages to members requesting e-mail addresses, and we would be extremely grateful for a reply. You can phone or text 023 8000 2018 or reply by email to firstname.lastname@example.org.
Solent Credit Union has a new phone number.
We hope that the new number will be easy to remember (at least for the rest of this year!).
Don’t worry if you are still using the old number, it will continue to work for the foreseeable future.
We are currently asking members if they may be able to offer some financial support to the credit union. Please click here to take a look at our web page with the details.
Unfortunately, in order to cover costs, it has become necessary to increase the joining fee for new members from £3 to £4 from Jan 1 2018.
Please be aware that we now close every day for lunch between 12:30 p.m. and 1:30 p.m.