Ethos Public Relations Manchester

Credit unions welcome Post Office plans

by Ethos public relations

ABCUL – the Association of British Credit Unions – has welcomed today’s policy statement from The Department for Business, Innovation and Skills (BIS) on its plans to secure the long term future of the Post Office. In particular, ABCUL is pleased to see a commitment to expand affordable and accessible financial services through Post Offices, for example by working with credit unions.

Mark Lyonette, Chief Executive of ABCUL, said: “We would like to congratulate the Government for recognising the importance of credit unions by firmly supporting a stronger link up between credit unions and the Post Office network. More needs to be done to ensure this happens and we welcome the support from Minister Ed Davey for the work we are doing.”

Making credit union services available through Post Offices would dramatically increase access to affordable credit, safe savings and other financial services for millions more people.

Mark adds: “It is good to see that the proposals received support from both sides of the House and we look forward to continuing to work with the Government on how best to achieve the link up.”

*Photo courtesy of Freedigitalphotos.net - Simon Howden

Posted at 9^th November 2010