A new ground breaking Credit Union partnership was launched at an event held yesterday in Exeter.
The event was attended by key local stakeholders, providing an opportunity to learn more about the partnership and the positive benefit it can bring to local households, businesses and communities.
North Devon Homes is part of the Advantage South West (ASW) Credit Union Sustainability Partnership (CUSP) which also includes 8 other south west based housing associations; Alliance, Cornerstone, Liverty, Magna, Ocean, Teign Housing, Westward and Yarlington.
The innovative partnership between the nine south west housing associations and local Credit Union, Westcountry Savings and Loans, aims to bring Credit Union services to customers, communities and staff to tackle the issue of high cost credit by providing affordable, trusted financial products.
Westcountry Savings and Loans is an alternative home for savings and source of affordable loans. It is owned by, and run for the benefit of its customers who are all members of the organisation. The company’s mission is “for people not profit”; no profits go to external shareholders and any interest on borrowing is recycled back into the Credit Union to enable it to serve more customers and offer better rates, products and services for the benefit of communities across the south west.
If you would like more information about the Westcountry Savings and Loans please visit www.westcountry.org.uk.