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Affordable Warmth in Rural Communities?

Affordable Warmth in Rural Communities?. 1.15 pm Financial help available – Nick Marshall of North Yorkshire Credit Union. Who runs the credit union? Owned and controlled by the members – AGM elect Director members Volunteer board of directors

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Affordable Warmth in Rural Communities?

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  1. Affordable Warmth in Rural Communities? 1.15 pmFinancial help available – Nick Marshall of North Yorkshire Credit Union.

  2. Who runs the credit union? • Owned and controlled by the members – AGM elect Director members • Volunteer board of directors • Individually vetted by the Financial Services Authority • Trained in specific areas of credit union management • Staff employed to manage the credit union 177,000,000 Members 49,000 Credit Unions 96 Countries

  3. Expansion Funded by Partnership lead by NYCC • 8 Local Authorities and 4 Housing Associations • Partnerships offer in-kind and financial support

  4. Volunteer Board of Directors in Eastfield

  5. York Credit Union Ltd. May 2006 • North Yorkshire Credit Union. May 2009 • Membership ,May 2009 was 1000 in York. • Membership May 2010 now 3000

  6. PAY POINT CARD @ 20p/transaction

  7. WHAT WE OFFER • Flexible small loans • No set up charge or early redemption fees • Payroll deduction and services for staff • Christmas and Holiday saving clubs • Consolidation loans to escape high % debt • Loans accessed on ability to pay • Ethical and safe savings

  8. ACCESS POINTS • Website • ID verification • Online Banking • Withdrawals • Cheque & cash deposits • Loans Applications Customer Access Centres • Information • Deposits

  9. Why do we need a Credit Union? Check the market and see what people pay for credit.www.lendersCompared.org.uk

  10. Community Based development • Multi access , focused at target areas and groups • Partnerships: Voluntary Sector; Community groups; Churches; Libraries; Children's Centres; Schools; Employers • Education: For Schools to develop money skills: For Adults to improve Financial Capability

  11. POSSIBLE ACTION • Special Loans or Savings schemes to allow purchase of bulk Gas/Oil fuel • Networking to spread information about Credit Union

  12. CONTACT DETAILS • York Office: 01904 676633.Public • WEBSITE: www.nycu.org.uk Nick Marshall .Project Manager 01904 676664. Email: nick.marshall@nycu.org.uk

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