WCCU launches online services
09 Aug 16
Wolverhampton City Credit Union (WCCU) has launched new online and mobile banking services.
WCCU is one of the first credit unions in the country to have its own mobile app and to provide online banking.
The Mayor and Mayoress of Wolverhampton visited the credit union to officially launch the new services (pictured). WCCU Chair Alf Williams said: “The launch of our online banking facility is part of our vision to help local people take more control of their financial futures by saving and borrowing responsibly.
“If we are to make our fair, ethical, low interest loans accessible to more people who live and work in Wolverhampton and South Staffordshire, we have to embrace online technology. In short, we have to beat the payday lenders at their own game.”
The credit union’s mobile app will help members stay connected just by using their smart phone or tablet. Mobile transactions are becoming increasingly popular as people can use apps while out and about, or in the comfort of their own home.
WCCU Manager Matt Goulding said: “We offer among the lowest borrowing rates in Wolverhampton and South Staffordshire. And now we’re making credit union membership even more convenient and time-saving.”
Started by a small group of enthusiastic volunteers nearly 15 years ago, Wolverhampton City Credit Union is today a substantial not-for-profit business serving more than 7,300 members with over £2.2 million in savings and £1.2 million in loans. Anyone who lives or works in the WV postcode areas of Wolverhampton, South Staffordshire and parts of Shropshire can join, and the credit union last year issued over 3,400 loans which saved borrowers an estimated £800,000 in interest they would have paid for the same loan from high cost lenders.