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News‘Pop-up’ credit union aims to beat high interest lenders and loan sharks in WV10
‘Pop-up’ credit union aims to beat high interest lenders and loan sharks in WV10

Wolverhampton City Credit Union (WCCU) opens its first ‘pop-up’ community bank at Low Hill Community Centre next month in a bid to help local people steer clear of high interest lenders.

The not-for-profit community bank opens its Affordable Finance Shop at the Kempthorne Avenue centre on Wednesday July 26 and will be on hand for local people on the second and fourth Wednesdays of every month.

WCCU staff will be on hand from 10.00am to 1.00pm to help local residents join the credit union, open a savings account or apply for a low interest loan.

The initiative is the idea of WCCU members and volunteers Tony Blakeway and Eileen Owen who were founder members of the former NEW Friends Credit Union which recently merged with WCCU.

Tony said: “We know there’s a risk of local people turning to high interest lenders and loan sharks, that’s why we think it’s so important that the credit union operates in the heart of the community.”

WCCU’s manager Matt Goulding said: “We already have over 1,300 members in the WV10 area of the city and want to serve them better with more conveniently located help and access to savings and affordable loans. We know that high interest doorstep lenders and payday lenders operate in the area - and there’s always a risk of loan sharks conducting illegal money lending. We hope our pop-up provides a fair and affordable alternative.”

If you’d like to find out more about WCCU’s Affordable Finance Shop, email or call Matt or Jazzmynne on 01902 572340.

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  • Wolverhampton City Credit Union
  • Tel: 01902 572340
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