HORNCASTLE residents facing financial problems now have a potential new lifeline to turn to after the long-awaited opening of the town’s branch of the Lincolnshire Credit Union.
The Credit Union provides an opportunity for people without a bank account to save and take out a loan at a special low interest rate - without having to rely on loan sharks.
Guests from Lincolnshire County Council attended the opening last week at Stanhope Hall, along with officials from the Credit Union and town councillors.
The branch, which will be based in Stanhope Hall, will be open from 10am to noon every Thursday for deposits, advice and information. It will be staffed by trained volunteers.
All savings are protected and covered by a compensation package. Anyone joining the scheme in the first few weeks will receive a free gift.
The Horncastle branch was opened by County Councillor Hugo Marfleet who was joined by the Credit Union’s development manager Linda Burden.
The guests also included local County Councillor Bill Aron who believes the Credit Union will be of major benefit to residents.
The Credit Union is owned and run by its members and is open to people who live and work within Lincolnshire.
Successful branches are already in operation in many other towns and Coun Aron is confident it will receive support. The Credit Union features a Christmas Savings Club and a Junior Savers scheme.
Members can apply for loans as soon as they join and acceptance is based on the ability to repay, rather than any previous credit history.
Search for a job
Search for a car
Search for a house
Weather for Horncastle
Wednesday 19 June 2013
Temperature: 12 C to 23 C
Wind Speed: 13 mph
Wind direction: North
Temperature: 12 C to 17 C
Wind Speed: 12 mph
Wind direction: North east