Bishop backs credit union

The Bishop of Penrith has signed up to Cumbria's newest credit union.

Bishop encourages people to open savings account

"I'm delighted to become a member of EdenSave Credit Union and to join over 200 million people around the world who will be marking International Credit Union Day.

"We can all help make our local credit unions stronger by using their services and perhaps volunteering our skills.

"I would encourage others to take the time this month to open a savings account or to consider using the credit union if they need a loan.

"I would also urge local employers to help their staff access the services of a credit union by helping people to pay in through payroll deduction - this is the most valuable way we can protect people from the high cost lenders that have become so prevalent in our society.

"With a successful credit union in our community, we can be safe in the knowledge that people in need of affordable financial services have somewhere to turn when they may otherwise be tempted into reliance on high cost, risky lenders."

– Bishop of Penrith

Penrith Bishop signs up to new credit union

The Right Reverend Robert Freeman Credit: ITV News Border

The Bishop of Penrith has signed up to Cumbria's newest credit union.

The Right Reverend Robert Freeman has been to the Edensave Credit Union in the town, which has only been running for two days.

The Bishop of Penrith signing up Credit: ITV News Border

The Archbishop of Canterbury is encouraging churches to work alongside credit unions to give more people access to local, ethical and affordable financial services.

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