As scandal after scandal blows up in the papers, and the behaviour of our big banks goes from bad to worse, it’s easy to get despondent about the state of our banking system and the colour of our money.
Fortunately, it doesn’t have to be this way. There exist financial institutions that will look after your money, reinvest it responsibly, and support the economy and society we would like to see.
One such option are the Credit Unions. Little know in the UK, Credit Union are well established across much of the rest of the world, including America and Ireland.
As not-for-profit financial cooperatives, with a mandate to support their members and grounded locally, they represent a genuine people-focused alternative to the big banks. They are at the forefront of the fight against financial exclusion, keep money circulating locally, and we need to shout about them!
Move Your Money has teamed up with London Community Credit Union to bring you:
Better Banking in Action: A Credit Union Open Day
London Community Credit Union, Hackney Branch, 225 Mare Street, E8 3QE
Date: Saturday 6th October, Speakers 12.00-13.00*
Refreshments provided. Facebook Event.
** £10 for every new account opened on the day ** ID required.
This is an opportunity for anybody interested in the alternative local banking sector and wanting to find out more. Our exciting line-up of speakers will guide us through the history of the Credit Union movement, how Credit Unions work, what they do, and the important role they play in the community, especially in the current economic and poitical climate.
LCCU will also be launching it’s new ‘Credit Champions’ project, working to bring the Credit Union further into the local community and workplaces. Followed by tea and cake.
While politicians and regulators fail to come up with the goods, we can take action to make banking better. Since January 2012, MYM estimates that 50,000 people have joined the Credit Union network, taking membership to over one million.
If you live in Tower Hamlets, Hackney, or any of the surrounding boroughs, invite your friends, bring your family, and we’ll see you there. It’s time to change banks.
* The Credit Union will be open from 10:00 – 14:00 with live product demos and the opportunity to open a new account. Anybody living, working or studying in Tower Hamlets, Hackney, City of London, Islington, Haringey, Waltham Forest or Newham can become a member and open an account. Please bring proof of address (x2) and a piece of ID.
Sian Williams, Head of Financial Inclusion, Toynbee Hall
Setting the scene for Credit Unions in the UK - the great work they do, the challenges of Welfare Reform and opportunities ahead.
Stacy Mitchell, Senior Researcher, Institute of Local Self-Reliance
Sharing the inspiring story of the hugely successful US Credit Union movement.
Ian Moseley, Chairman LCCU - Introducing LCCU and it's story to date
Jonathan McShane, Hackney Councillor - LCCU in Hackney and supporting residents
Adam Farrell, Credit Champions Project - The Credit Champions project and how to get involved with your Credit Union
Danielle Paffard, Co-founder, Move Your Money UK - Move Your Money, and the value of action.