Unity Trust Bank has marked today’s International Credit Union Day by announcing two new grants from its Credit Union Development Fund.
Nottingham Credit Union Ltd and Penny Post Credit Union have both received a grant to help them promote their services to their local communities.
Kevin Turmore, Managing Director of Unity Trust Bank, said: “”These latest grants emphasise Unity’s commitment to the development of credit unions in the UK. The Credit Union Development Fund is a special deposit account. It was created by Unity to enable credit unions to assist in the growth of the movement while, at the same time, earning interest on their own funds. The aim of the Fund is to assist both new and existing credit unions with their promotional and marketing costs.”
Unity has been a provider of banking services to hundreds of credit unions for many years and in 1997 it helped to launch Britain’s first national trade union based credit union. The Bakers, Food and Allied Workers Credit Union attracted hundreds of members within months of its creation and it continues to grow.
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