Grand Pier venue for fast expanding credit union

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By hardingsimon | Thursday, January 30, 2014, 09:33

Fast expanding   Somerset Savings and Loans will celebrate one year of unprecendented growth when they hold their AGM on Weston-super-Mare's Grand Pier next week.

Pier bosses offered the Portishead-based credit union the use of their Coral Room  conference facilities and have kindly donated a number of all-day unlimited ride wristbands for the big day on Saturday February 8.

Members  will need to  bring photo ID and proof of membership. Registration is from 12pm.

Treasurer Paul Urch said the high profile venue allowed the credit union to say a big thank you to all their members and families.

He said: "By holding our AGM in one of Somerset's top attractions we are really putting the spotlight on Somerset Savings and Loans. The Grand Pier is a favourite destination for local families   and gives us a chance to get our message up in lights to more people than ever."

Portishead-based Somerset Savings and Loans, which recently  welcomed its 500th new member, has seen its membership more than double since it re-launched   this time last year.

The credit union   operates a four day a week satellite office on the  Bournville  estate  - where lack of employment, spiralling debt and poor credit histories combine to create a ready market for  payday loan companies.

Somerset Savings and Loans is a not-for-profit  co-operative organisation where all money is invested locally, keeping money circulating within the local economy. 

People can join online at  www.somersetsavingsandloans.org.uk and learn more about the loans, savings accounts and other credit union services. Or they can contact someone about their savings or borrowing needs on 01275 390649.

As a Credit Union Somerset Savings and Loans is regulated by the Financial Conduct Authority. All savings are also covered under FSCS - Financial Services Compensation Scheme up to £85,000 for any individual saver. 

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