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Kent Savers reaches 3,000 members


26 Aug 16

Membership of Kent Savers Credit Union has passed the 3,000 mark.

The Maidstone-based credit union has reached the new landmark just 21 months after signing up member number 2,000.

Kent Savers’ 3,000th member is Sharon from Marden, who works for Maidstone Borough Council. Sharon joined the credit union to get a loan to buy a new a car.

She said: "Kent Savers provides a fabulous service. I've not got a brilliant credit score, but they reviewed my finances carefully and I'm happy to say my loan was granted. Now I'm a member, I'm thinking of opening a Christmas savings account as well. I'm going to make sure my friends know about Kent Savers."

Kent Savers Chair Martin Kingman said: “We are delighted to welcome new members and to have hit this milestone in our development.

“Increasing both membership and the number of loans we issue makes Kent Savers Credit Union more financially secure and better able to help those who cannot otherwise get affordable credit when they need it to see them through a bad patch.

New member Sharon added "I've been forced to use these so-called payday lenders once or twice before, but they're so expensive. Kent Savers are so much cheaper and their terms are flexible in case I need a top-up loan later."

Kent Savers Credit Union was set up in 2010 to provide affordable financial services to people in the county. Anyone living or working in the historical county of Kent – that is the area currently administered by Kent County Council, Medway Unitary Authority or The London Borough of Bexley – can join Kent Savers.

Since January this year, Kent Savers has made 255 loans worth £530,000, and members now have £1.35 million deposited with their credit union.

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