Join us on Wednesday 2 March 2016 for a discussion on the best way to supply more inclusive access to low-cost borrowingIn the past 10 years,membership of credit unions in the UK has doubled. According to the Bank of England, 1.1 million adults now belong to credit unions, or with assets of £1.2bn.
But that’s still less than 2% of the UK population,compared with 45% in the US, which means millions of people are lost out on low-cost credit. Instead, or they are being charged high interest rates for borrowing,with some facing sky-high charges. Continue reading...
Source: theguardian.com