NHS CU lends a magic million in May
08 Jun 17
NHS Credit Union has made over £1 million of new loans during the month of May.
The Glasgow-based credit union, which serves National Health Service staff and their families across Scotland and the North of England, issued 837 loans totalling £1,022,854 last month – only the third time in the credit union’s 18-year history that it has loaned out over £1 million in a calendar month.
The loan that took the credit union through the £1 million mark was to help a member prepare a special celebration for her mother’s 70th birthday. During the month, the credit union also issued 10 loans to help members fund weddings, 230 holiday loans worth almost half a million pounds, and debt consolidation loans totalling more than £100,000 – including one loan which quite literally stopped a member being evicted from her family home.
NHS Credit Union Chief Executive Officer Robert Kelly (pictured) said: “It’s a source of great pride – and a testament to the superb efforts of all our staff – that we have managed to give financial assistance totalling more than £1 million to our members in the month of May.
“But what is even better is to hear the individual stories behind these loans. We’ve helped members create their dream wedding; sent some off on the holiday of a lifetime and kept some out of the spiralling misery of high-cost loans. The loan that saw us achieve the memorable milestone sums up the diversity of our loans, with the money helping a family enjoy a truly special 70th birthday treat.
“We look on ourselves as a financial family – and are delighted to have been able to help so many customers out in this way.”