New group formed to advise on credit unions

PUBLISHED: 11:30 14 January 2015




A local support group has been set up in Sudbury to provide detailed information on how people can benefit from credit unions.

Even those who are not affected by pay-day loans or loan sharks may be aware of people who have run into short-term financial difficulty.

But help is at hand via the Eastern Savings and Loans Credit Union (ESLCU) which covers East Anglia and has
representation in Sudbury, with a local point of contact at the town hall.

The steering group of nine people from various walks of life, including town clerk Jacqui Howells and representatives from local churches, Rotary clubs, the Citizens Advice Bureau and local government, can provide information locally on how the credit union operates and the various interest rates on savings and loans. Anyone interested in accessing the service can go to the town hall and ask about the credit union.

As the steering group becomes more established, it will make more information available through additional points of contact.

Currently, there is a general information leaflet available from the town hall.

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