eden credit union

Rory met with organisers and members of the newly formed Eden Credit Union study group in Penrith on Friday, to sign a pledge form to become a member of the Union. Supported by a variety of Cumbrian organisations, including the Cumberland Building Society, Impact Housing, and Eden District Council, the Union has been formed to encourage a new way of saving for Eden residents. After saving a small amount for a short time, savers will be eligible for loans at affordable interest rates and, because the Union’s savers and borrowers are local to Eden, money will remain in the community.

Rory has pledged to become a regular saver with the Union, and said: “Eden deserves a great credit union; it’s a model that has worked already in over 90 countries worldwide, and is a common way of saving and lending on the continent. There are already six credit unions in Cumbria, and what is so brilliant about the model is that it is a local organisation run for the local community, which encourages local saving and spending for adults and juniors alike. Its local appeal makes it perfect for Eden, and I encourage anyone who is able to save even a small amount each month to get in touch with Pat and her team to make a pledge to become a saver.”

Pat Godwin, Chair of Eden Credit Union’s Study Group said: “We are delighted that Rory has pledged to join Eden Credit Union. Once the Credit Union is established in Eden anyone who lives or works in Eden will be able to save with the Credit Union and access affordable loans. This venture will help to strengthen the local economy in Eden and we already have the support of both local councils, Eden Housing Association and the Cumberland Building Society. We need as many pledges as possible to get do this, so I hope that lots of other people follow his example and pledge on line.

More information about the Eden Credit Union can be found at www.edencreditunion.org.uk, or by telephoning 07780031045