Boom time for Somerset's credit union as people bid to avoid payday loan companies

Boom time for Somerset's credit union as people bid to avoid payday loan companies

Boom time for Somerset's credit union as people bid to avoid payday loan companies

First published in News

MEMBERSHIP of Somerset’s credit union is booming as the organisation fast becomes a strong alternative to payday loan companies and doorstep sellers.

That’s according to Somerset Savings and Loans president Don Davies, who says credit unions across the UK will attract ever-increasing numbers of customers.

He said: “We are celebrating our tenth anniversary this year and have established ourselves as a viable alternative to the payday and doorstep lenders who prey on the have-nots in our communities.”

The credit union will hold its annual meeting on Weston-super-Mare’s Grand Pier from 2pm on Saturday February 8.

People can join online at www.somersetsavingsandloans.org.uk

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