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Cause for celebration at PKCU

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01 Apr 16

Perth & Kinross Credit Union is celebrating rapid growth on its second birthday.

The credit union, which opened in April 2014, serves almost 900 members across the county, and holds over £300,000 in members’ savings. Last year, it made 700 loans to local people.

As well as its main office in the centre of Perth, the credit union has opened service points in Blairgowrie and Crieff, and has plans to open further service points in Pitlochry, Kinross and the Letham district of Perth.

The newest credit union in Scotland, the opening of Perth & Kinross Credit Union two years ago brought credit union services to the last part of Scotland without community credit union coverage. Today, everyone in Scotland has at least one credit union they can join.

Perth & Kinross Credit Union Chair Euan Walker said: “I’m delighted with our progress so far, and would like to thank our staff, volunteers, supporters and members who have all helped us on the road to success.

“We’re still a young organisation and have great ambitions for the future, with more local offices planned in Pitlochry, Kinross and Letham. In such a large geographical area, it’s vital that as many people as possible can access our services.”

The credit union was formed with support from Perth & Kinross Council and the local Citizens Advice Bureau to bring accessible, ethical financial services to communities across the county, which includes many rural areas.

The credit union was officially opened in 2014 by Deputy First Minister of Scotland John Swinney (pictured with PKCU Manager Anne Walker), and he congratulated them on their second birthday saying: “The first two years of the Perth & Kinross Credit Union represents a tremendous effort and achievement by all those involved from the volunteers and staff through to the savers and borrowers.

“The Credit Union is a wonderful asset for local people who would otherwise face significant challenges budgeting in a cost effective way and to this end the credit union has demonstrated its tremendous worth. I believe the credit union is now permanently established here in Perth & Kinross and I look forward to learning further about future growth.”

Anyone who lives or works in the Perth and Kinross local authority area can join the credit union.

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