Town Clerk Commends Local Credit Union

The East Sussex Credit Union, a local cooperative which aims to combat poverty, promote community development and provide credit at reasonable rates has been commended by Hailsham’s Town Clerk and, later this month, will celebrate its 3-year anniversary of operating locally from the Town Council offices.

The Credit Union offers a loans and savings service to people living and working in Hailsham, with the aim of promoting financial prosperity and also tackling financial exclusion in the community. Many of its members cannot use high street banks or would prefer to have their money managed locally.

Every investor or borrower becomes a member of the Credit Union and a share of all the profits made is divided amongst its members in the form of an annual dividend.

Hailsham Town Clerk John Harrison said the union is an attractive alternative to high street banks for the financially excluded: “As cuts in services nationally and locally continue to bite, there are still some people who are struggling financially. So it’s absolutely necessary for organisations like the East Sussex Credit Union to continue working to help people.”

“Credit Unions are a great way of getting people out of the slip of using loan sharks and unscrupulous money lenders. The one we have operating from Hailsham is proving essential in the fight to maintain decent living standards for those individuals in need, without falling into excessive debt.”

“I have confidence that the East Sussex Credit Union will continue to grow and I would encourage anyone to use the services provided by them.”

The Hailsham branch is open from 12 noon to 2pm every Wednesday. Everyone is welcome to join.

For further information on the benefits of joining East Sussex Credit Union, send an email to marta.baginska@eastsussexcu.org.uk