Responding to the financial crisis in our Communities CFRC 26 th September 2012. Citysave Credit Union Angela Clements, CEO. Overview. Introduction Background – Our Communities 2012 Social needs Barriers to accessing banking services Alternative banking – A way forwards
Citysave Credit Union
Angela Clements, CEO
Unstable household finance is a barrier
to stable family life, moving home,
to building a career
A barrier to enterprise
To achieve 1m new members by 2019
Increased lending to £1bn by 2019
Make credit unions sustainable by 2019
5% of UK market within 5 years – 5th largest personal bank in UK
Income comes in to the pot
from wages / universal credit
& automatically split into
Rent Council tax Bills Loan Savings Free
Access points at all credit unions and trusted partners for multi channel delivery
High visibility and easy to use overcoming digital exclusion
Members assistance plan – debt, legal and medical emergency advice
Cost is always borne by the consumer
A credible & sustainable credit union sector
Is moving ......
The Tata Group are the largest manufacturer in Britain with over 50,000
employees across 19 companies and more than 40 towns and cities.
Tata's connection with Britain goes back to 1863 and the cotton mills of Lancashire.
Tata made a donation to The London School of Economics to research poverty - this led to the
establishment of the Department of Social Sciences in 1912.
One of our twin buildings was donated by Queen Victoria in recognition of our links with Britain