CAPTION: Bishop Nick at the Plymouth Credit Union

Transforming Plymouth Together invests in Credit Union

Posted: 13th June, 2017

Bishop Nick spent the day in Plymouth last week with Transforming Plymouth Together (TPT). They discussed social issues and visited local projects that TPT are involved in including the Plymouth Foodbank in the Oasis Project.

TPT was established to encourage local churches engaging actively in addressing issues of inequality and poverty across the city. They respond to issues such as family well-being, loneliness, debt, wage levels, food poverty and discrimination.

As part of the visit Bishop Nick visited the Plymouth City Credit Union where he met with the Manager Paul Williams and spoke with staff about the challenges that they face supporting the people of Devon and Plymouth. He also opened a corporate account of £5,000 with Plymouth City Credit Union on behalf of TPT. Credit Unions are not for profit organisations working to assist people with savings and loans.

Plymouth City Credit Union has now increased its common bond so that anyone throughout the Devon area can save and borrow from them. It already has 3,000 members and members of the former Plough and Share which has just ceased trading can transfer their loans and savings to Plymouth City Credit Union.

Bishop Nicks says ‘Credit Unions are very helpful to people who find it difficult to get an ordinary bank account, or who need safe, repayable loans. It also helps people to think about saving in a safe and ethical way. By investing in the Plymouth City Credit Union, we keep our investments in our own community.’

For more information please see Plymouth Credit Union website: https://www.cpcu.co.uk/

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