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Affordable Warmth in Rural Communities: North Yorkshire Credit Union's Financial Assistance

Discover how North Yorkshire Credit Union, owned and run by members, offers affordable small loans, savings clubs, and ethical financial services to rural communities. Learn about their partnerships with local authorities and housing associations, and the dedicated volunteer board of directors ensuring financial support without setup or early redemption fees. Find out how you can access loans based on your ability to pay and contribute to the community's financial well-being.

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Affordable Warmth in Rural Communities: North Yorkshire Credit Union's Financial Assistance

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  1. Affordable Warmth in Rural Communities? 1.15 pmFinancial help available – Nick Marshall of North Yorkshire Credit Union.

  2. Who runs the credit union? • Owned and controlled by the members – AGM elect Director members • Volunteer board of directors • Individually vetted by the Financial Services Authority • Trained in specific areas of credit union management • Staff employed to manage the credit union 177,000,000 Members 49,000 Credit Unions 96 Countries

  3. Expansion Funded by Partnership lead by NYCC • 8 Local Authorities and 4 Housing Associations • Partnerships offer in-kind and financial support

  4. Volunteer Board of Directors in Eastfield

  5. York Credit Union Ltd. May 2006 • North Yorkshire Credit Union. May 2009 • Membership ,May 2009 was 1000 in York. • Membership May 2010 now 3000

  6. PAY POINT CARD @ 20p/transaction

  7. WHAT WE OFFER • Flexible small loans • No set up charge or early redemption fees • Payroll deduction and services for staff • Christmas and Holiday saving clubs • Consolidation loans to escape high % debt • Loans accessed on ability to pay • Ethical and safe savings

  8. ACCESS POINTS • Website • ID verification • Online Banking • Withdrawals • Cheque & cash deposits • Loans Applications Customer Access Centres • Information • Deposits

  9. Why do we need a Credit Union? Check the market and see what people pay for credit.www.lendersCompared.org.uk

  10. Community Based development • Multi access , focused at target areas and groups • Partnerships: Voluntary Sector; Community groups; Churches; Libraries; Children's Centres; Schools; Employers • Education: For Schools to develop money skills: For Adults to improve Financial Capability

  11. POSSIBLE ACTION • Special Loans or Savings schemes to allow purchase of bulk Gas/Oil fuel • Networking to spread information about Credit Union

  12. CONTACT DETAILS • York Office: 01904 676633.Public • WEBSITE: www.nycu.org.uk Nick Marshall .Project Manager 01904 676664. Email: nick.marshall@nycu.org.uk

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