City workers urged to join Your CU
18 Jan 16
A local church is encouraging residents and workers in the City of London to join Your CU.
St Mary-le-Bow church in Cheapside is helping the credit union to gain a foothold in the City and to sign up new members.
The church hosted a visit from Cities of London and Westminster MP Mark Field to learn more about Kensington-based Your Credit Union.
The event was aimed at encouraging more people who live or work in the City to become members of the fast-growing financial co-operative.
Mark Field MP said: “It is great to be hosting this at St Mary-le-Bow which is a community-based church here in the City of London and very much focuses on issues of social justice.
“One hopes people with a strong relationship with the City, who work here, or have connections with a livery company or a church, will all engage in this. It is important to recognise this has to be grass-roots driven.”
Your CU Chair Jonathon Read said he was delighted Mr Field wanted to learn more about the organisation.
“He represents a core part of our geographic coverage and one that shows the diverse nature of our community. As elected representatives, MPs know and talk for their community both in Parliament and more generally.
“Raising awareness of how Your Credit Union can help savers and borrowers helps the community, and allows more people to access our services.”
St Mary-le-Bow church is the credit union’s first corporate member in the City, and has deposited £15,000 into a savings account.
Rector of St Mary-le-Bow, the Revd George Bush, said: “The Church of England is actively encouraging the growth of credit unions, notably to undermine the more unscrupulous lenders and to promote mutualism.
“The parish has invested the maximum sum possible and is keen to see more personal account holders across the City.”
The visit was also attended by Tom Newbold, London co-ordinator for the Archbishop of Canterbury’s task force on credit unions, the Church Credit Champions Network.