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London Community Credit Union moves into Hackney

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04 Feb 11

London Community Credit Union has officially opened for business in the London Borough of Hackney following the approval of its extension from Tower Hamlets late last year.  The credit union will bring its full service offering to the people of Hackney which includes the Credit Union Current Account.

The credit union held an opening ceremony for its new Mare Street branch on Tuesday 25th January which was attended by borough councillor John McShane and Tim Shields, Hackney Borough Council Chief Executive.

Ian Moseley, chair of the credit union, said: “Some Government reports suggest that up to 40 per cent of Hackney residents could be considered ‘financially excluded,’ and thus subject to exploitation by unscrupulous lenders,

“LCCU aims to help move such lenders out of the Borough by offering accessible and fair financial services. Our strength lies in member-only ownership which fosters our strong service orientation.”

Cllr McShane added: “Not only will a credit union help those who are unable to open accounts with the main high street banks, it will hopefully steer people away from unscrupulous money lenders, who basically rip people off. I’d like to welcome the London Community Credit Union to Hackney and we wish them every success in their future here in the borough.”

Source – Stoke Newington Gazette

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