Ethos Public Relations Manchester

Manchester gets its own Current Account

by Ethos public relations

Manchester Credit Union is launching an alternative to High Street bank current accounts for the people of Manchester.

Manchester Credit Union is a not-for-profit financial co-operative, serving people who live or work in Manchester, and the new Current Account will provide its members with a transparent way of managing their money.

Featuring an ATM or Debit card that will give customers instant access to their money from one of the 38,000 free cash machines across the UK, the account will not offer an overdraft and all charges are made clear up front.

With a weekly fee of just £1, this charge will guarantee customers a service with no hidden extra administrative costs. When the credit union has to pass along charges for things like unpaid Direct Debits, these will typically be lower than those at high street banks. Other benefits include access to low cost loans and telephone banking.

Christine Moore, Chief Executive of Manchester Credit Union, said: "We are delighted to be introducing this new Current Account to Manchester and we are looking forward to offering our services to people across the city.

"There are numerous people who do not have access to a high street bank for various reasons, and as credit unions exist to serve their members, we want to bring our services to more and more people in Manchester."

Christine Moore added: "As a credit union it is important for all our members to have an honest service which has no financial surprises and by banking with Manchester Credit Union, your money is guaranteed to be in safe hands."

Councillor Bernard Priest, Lead Member for Finance and Human Resources at Manchester City Council, said: "Manchester City Council is committed to supporting Manchester Credit Union, to help reduce the financial inequalities that our residents face.

"Although there are signs the recession is easing, financial times are still hard and we recognise that the Credit Union is offering a transparent way of managing money.

"This service sits alongside our Helping Hands initiative and is something we applaud."

To find out more visit www.manchestercreditunion.co.uk or call 0161 231 5222.

Posted at 26^th February 2010