New roles Former finance officer for Barrow and District Credit Union, Gaby Williams, centre who has got a full time job at James Fisher. She is pictured with Pamela Short, left, who has been appointed the assistant finance officer at the credit union, and the new finance officer Caroline Portis.
Barrow & District Credit Union has entered into a partnership with Barclays Bank to enable their members, old and new, that do not have a current account to open a basic current account with the Bank. The current account will offer customers, who may not be able to open a regular current account, a basic, no frills account with no monthly fee and without borrowing facilities. The account will however include:
• a cash card or a debit card
• online, mobile and telephone banking
• direct debits and standing orders
A Cumbria MP has condemned Wonga after a scandal which will see the payday lender pay millions in compensation to its customers.
Wonga have been ordered to pay £2.6 million in compensation after an investigation found that the lender had sent letters to borrowers from a series of fake law firms.
Jon Balm, CEO of Barrow and District Credit Union, told In-Cumbria he was unsurprised by the scandal.
Mr Balm said: “It doesn’t surprise me. This organisation has a past record of investigations so this is not really surprising news.”
Barrow and District Credit Union offers both adult and junior savings accounts and encourages members to save regularly.
New members can borrow with no previous savings history by using our 'Speedy Loans' service. These quick loans are usually available within seven days - dependent on a satisfactory application. The interest charge on first 'Speedy Loans' is 3% on the remaining monthly balance (Typical APR 42.6%)
Alternatively, once an adult member has saved for a minimum of 12 weeks, he/she can apply for a ' Members Loan' from the Credit Union.
1-3 The Mall, LA14 1HL Barrow in Furness
BBC coverage of Barrow Credit Union
Barrow and District Credit Union aims to provide low cost, high quality ethical financial services serving all who live or work in the Furness area
We offer affordable loans and a competitive return on savings. Join us, and borrow and save with your local community credit union.
Until further notice, we will no longer be open for business on Saturdays from 24th May 2014.
We will still be open Monday to Friday
11am – 3pm.
We apologise for any inconvenience caused.
Local Credit Union Celebrates Golden Anniversary of British Credit Unions
Barrow & District Credit Union is celebrating the fiftieth anniversary of the first credit union in Britain.
Credit unions have been putting their members first and providing them with the financial services they need since 1964. There are now nearly 400 in Britain which together provide responsible savings and loans to over 1 million people and look after over £1 billion in assets.
Rob Cairns, our Chairman, was delighted when he turned up to attend this year's Love Barrow Awards to see that local MP John Woodcock had invited Stella Creasy as his guest to the event. Stella, Labour MP, from Walthamstow, has been extremely influential with her Sharkstoppers Campaign against loan sharks.
BARROW CREDIT UNION EXTENDS SERVICE TO COVER ULVERSTON, GRANGE AND CARTMEL
As the South Lakeland Credit Union Study Group is not yet in a position to apply for authorisation to the Prudential Regulation Authority, Barrow & District Credit Union has extended its ‘common bond’ area so that it can offer credit union services to people who live or work in Ulverston, Grange-over-Sands and Cartmel as well as the various surrounding villages.