X

Cookies

Continue We want you to get the most out of using this website, which is why we and our partners use cookies. By continuing to use this site, you are agreeing to receive these cookies. You can find out more about how we use cookies here.

Sunday, 21 September 2014

Subscriptions  |  evouchers  |  Jobs  |  Property  |  Motors  |  Travel  |  Dating  |  Family Notices

Barrow credit union gets green light

THE BARROW and District Credit Union is free to begin trading after being granted financial accreditation.

The study group which plans to setup a credit union in Barrow heard this morning that they have been granted authorisation from the Financial Services Authority (FSA).

Only three pre-conditions have been set by the FSA - having fidelity insurance in place, confirming that systems have been tested and providing a bank statement showing has been £10,000 invested.

The group has said it does not envisage any problems in meeting these conditions and hopes to open as soon as possible.

  • For the full story, see tomorrow's Evening Mail.
Have your say

A credit union isn't at all like the companies you're thinking of. A credit union is owned by its members, encourages people to save, has a very careful lending policy, is authorised by the FSA and is mainly run by volunteers. The money people save is protected, as in any High St bank. Please look on the website, barrowdistrictcu.org.co.uk, the Facebook page or Twitter for more information.

Posted by Sue on 13 December 2012 at 17:53

Dicky, what on earth are you on about? What companies?

Posted by Liz Wild on 13 December 2012 at 01:21

View all 3 comments on this article

Make your comment

Your name

Your Email

Your Town/City

Your comment


SHARE THIS ARTICLE

North West Evening Mail What's on search










Powered by
nwemail.co.uk/jobs

Hot Jobs

Loading latest hot jobs...
Powered by Zoopla.co.uk






Featured companies

Searching for featured companies...
Search for:

Vote

Is it too soon for shops to be selling Christmas items?

Yes

No

Show Result


WCF pet and equestrian

Choosing a pre school

Come and join us 5

Go green 34

Travel the globe

Go green 33


To save our contact details direct to your smartphone simply scan this QR code

North West Evening Mail

Evening Mail Going Out