Credit Union moves into Glenroyd House
If you’re not familiar with credit unions, they are financial co-operatives owned and controlled by their members. They offer savings and good value loans. They are local, ethical and know what their members want. They are a real alternative to loan sharks and impersonal banks.
County Durham based Prince Bishops Credit Union has moved offices to make it more accessible to the public. The new Credit Union was created when East Derwentside Credit Union in Stanley successfully merged with West Derwentside Credit Union in Consett this summer.
The credit union has moved from Priestman Avenue to Glenroyd House in Medomsley Road, Consett, and is now open between 9am and 4pm from Monday to Friday.
The move places the credit union in a more central location for residents seeking advice about secured savings or taking out a low interest loan.
The Prince Bishops Credit Union is regulated by the Financial Services Authority.
You can read more about it here
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Credit unions are excellent and must take the current opportunity to publicize themselves and make themselves more accessible. Great to here that Prince Bishops has.