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Updated 190112 CJS
South Manchester Credit Union is now 10 years old
Launched on the 1st October 2000 South Manchester Credit Union has over 1600 members and has issued 4794 loans to a value of £3.7 million pounds in the 10 years since it was started.
The credit union is run by a small office team along with dozens of volunteers who staff its regular collection points at 13 venues across south Manchester. If you are interested in helping out by volunteering (for as little as a couple of hours a month) please get in touch on the number below.
The credit union is looking forward to the next 10 years and is currently developing new initiatives such as working with Southway Housing and Healthy Ardwick to promote credit union services amongst their residents and local community.
Tel: 0161 448 0200
CHANGES TO LOAN POLICY
It was agreed at the AGM in March 2011 to ask the Board to review the loan policy. Our costs have risen over the last few years and revenue from interest on loans has not kept pace. We have adjusted interest rates on some loans, in order to increase our income. By taking these actions now, we will safeguard the future of the Credit Union and establish a firm foundation so that we can continue to provide loans to members and reward savers.