Payday lenders and loan sharks are contributing to spiralling debt and misery in our communities. They use aggressive marketing tactics to hook sometimes very desperate people into taking out high interest loans.
There is an ethical alternative.
Owned and controlled by its members, Wolverhampton City Credit Union is a not-for-profit community bank that offers affordable loans and savings to people living or working in the WV postcode areas of Wolverhampton and South Staffordshire.
Bringing financial stability to thousands of families is our priority. In the past year alone, we estimate we’ve saved our members £665,000 in interest, charges and fees by borrowing from us rather than payday lenders.
So how do we become a greater power for good in Wolverhampton and South Staffordshire?
The answer’s simple, but hard to achieve without your help.Our goal is to recruit 5,000 more members by 2017, bringing our total to 10,000. The bigger we are, the smaller the damage caused by high interest and loan shark lending.
Trouble is, we don’t have Wonga-sized marketing budgets to promote ourselves.
That’s where you come in. We need people with strong community connections to spread the word about the ethical benefits of joining WCCU.
If you share our passion for fairer community banking, there are lots of quick and simple things you could do to get the message out:
- Follow us on Twitter at http://twitter.com/wcculor like us on Facebook at https://www.facebook.com/wccul and share or retweet our posts
- Talk to us about setting up a payroll partnership with your organisation
- Promote us in your community newsletters, websites or hyperlocal sites
- Put a poster up in your community centre or village hall
- Refer us to your friends, family, neighbours, work colleagues and constituents.
Best of all, you could become a member of WCCU yourself. Just visit http://www.wccul.co.uk for details.
We hope you can help. Better still, if you have suggestions about how we could attract more members, call me on 01902 572340 or email me at firstname.lastname@example.org
Let’s take control of our financial futures.
This information comes from Matt Goulding at the Wolverhampton City Credit Union