Credit Union Moves In With Other Community Action Groups
Local financial services provider Hastings and Rother Credit Union reports that it has moved to new fully accessible and secure offices in Hastings town centre.
The new base at Jackson Hall in Portland Place is the home of Hastings Voluntary Action and the credit union joins several other not-for-profit community organisations based there.
Saving with the credit union means neighbours and colleagues can benefit from funds raised in their community, safe from the whims of outside shareholders. The organisation is volunteer run apart from just two part time staff, so there are none of the massive salaries or bonuses normally associated with the banking and finance world.
Credit unions are strictly regulated and savings are protected by the Financial Services Compensation Scheme in the same way as at High Street banks. Loans are available for those who qualify and are much more affordable and flexible than most doorstep or payday lenders and even some high street banks.
Hastings and Rother credit union is one of over 400 serving communities across the country and like others is owned and controlled by its members. It is open to anyone who lives or works in Hastings or Rother Districts or provides services to those who do. All members have a say in how the credit union is run.
President Richard Street told the Annual General Meeting on Monday 25th that the move was part of ongoing plans to enhance the provision of services and update the way in which members’ savings and loans are handled to better meet the financial needs of members in the 21st century.
To continue this process, he called for more volunteers to assist with the day to day running of public information points, as well as the new offices in Portland Place.
Anyone who is competent in finance and office procedures would be especially valuable and welcomed. He asked that anyone interested get in touch to discuss whether such a role would be suitable for them.
• The credit union can be contacted on 01424 202651 or by emailing [email protected]
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