New credit union branches out to beat loan sharks

My beautiful picture
My beautiful picture

Two new branches of a service to help people beat the loan sharks have opened in Heanor and Alfreton.

Erewash Credit Union launched its first branch in Ripley in November and already has more than 170 people signed up to save and borrow.

Now the credit union’s Alfreton branch will be open every Tuesday and Thursday, between 10.30am and 2pm at the borough council’s town centre office. In Heanor, the branch will open every Wednesday and Friday between 10am and 12.30pm in the Town Hall, on Heanor Market Place.

Jackie Westwood, income recovery manager at Amber Valley Housing, said: “We are delighted with the success of the credit union in Amber Valley so far.

“For our tenants on lower incomes it offers a safe means of saving money and an affordable way of borrowing small sums.

“This is particularly helpful for those who might have been refused credit elsewhere and who may be tempted by doorstep lenders.

“We are committed to ensuring that our tenants get access to sound money advice and services and the credit union is helping to do just that.”

In Ripley, the branch continues to be open in the borough council cash office, on Ripley Market Place, on Tuesday and Friday mornings at 10am.

The credit union, which is supported by Amber Valley Housing, Amber Valley Borough Council and Amber Valley Centre for Voluntary Services, works as a co-operative run locally for the benefit of its members.

As well as being a safe place to save money for special events, such as holidays or Christmas, it also offers small affordable loans.

An adviser will be on hand each week to help people open and manage their accounts and to take deposits or discuss loans.

To find out more contact the credit union on 01773 841400 or call in.