×


Home About Contribute Sponsorship Contact Sign In
×







.


Finance Industry News

Wigan credit union offers help to financially vulnerable affected by Covid-19


Unify credit union is urging people to get in touch to prevent them from becoming financially vulnerable due to Covid-19

Wigan credit union offers help to financially vulnerable affected by Covid-19


"We have increased our borrowing limits to give people the little lift up they need through these tough times. We want to act as a safety net to stop their debt from spiralling out of control."
Chief Executive, Angela Fishwick



Unify Credit Union has increased its borrowing limits to support people who may be struggling as a result of the pandemic and stop them from becoming another statistic.  

A new survey ‘Financial Lives’ by the Financial Conduct Authority (FCA) revealed 1 in 4 adults have been left ‘financially vulnerable' due to Covid-19 and are expecting to struggle to make ends meet. 

The survey also showed that low levels of savings and reduced or erratic earnings are reportedly on the rise in the UK, with as many as 16% of people saying they were more likely to take on debt as a consequence.  

To help ease the strain, people in Wigan borough can now borrow up to £2000 with the Unify Credit Union Premiere Loan, with competitive rates on offer for those with good credit, in order to provide people with a more affordable and ethical alternative to typical high street banking services. 

Chief Executive, Angela Fishwick, said: “We have increased our borrowing limits to give people the little lift up they need through these tough times. We want to act as a safety net to stop their debt from spiralling out of control so they don’t become another statistic. 

“Banks are reluctant to lend small amounts of money and we want people in Wigan to know that the credit union is there if they need it.  

“We are dedicated to serving the local community, especially amidst all of the current challenges that people are facing.” 

In the last year alone, Unify has helped members save more than £3 million by offering loans with lower interest rates. 

The credit union also helps to keep money in the local economy, avoiding external shareholders by lending what other members have saved.  

For more information about Unify Credit Union go to https://www.unifycu.org/

 

.


Finance Business News - Warrington Credit Union has merged with a Wigan credit union to offer customers new online financial services, text updates, and a larger range of affordable loans.


Warrington Credit Union merges to provide customers with new online services

Finance Business News - Angela Fishwick of Unify Credit Union said, people can get themselves into a spiral of debt when turning to buy now, pay later services which are currently not adequately regulated meaning they are not carrying out affordability checks and credit checks.


Credit union issues warning ahead of Christmas to avoid Buy Now, Pay Later

Finance Business News - Cheshire based Clarion Wealth Planning has appointed a new compliance director to enhance the company s dedication to its clients.


Financial planning company appoints new compliance director

Finance Business News - A new apprentice has boosted the ranks of a West Lancashire based Independent Financial Adviser IFA . Arie Hogendoorn is the latest addition to Acumen Financial Partnership s established apprenticeship programme and brings the company s headcount to 21.


New apprentice boosts ranks of West Lancs based IFA

Finance Business News - Cheshire-based Clarion Wealth Planning has appointed a new Chartered Financial Planner. Ella Davies has joined the team at Alderley Edge after 11 years at another North West firm. She said I chose Clarion because of its professionalism.


Clarion Wealth Planning appoints new Chartered Financial Planner

Finance Business News - Social enterprise Salford Credit Union will offer early-stage entrepreneurs from innovation hub HOST, the Home of Skills amp Technology at MediaCityUK, loans and savings services to scale their businesses, ensuring they achieve strong growth.


Salford Credit Union building back better by supporting local entrepreneurs






Ten Times Ten

Analytics, Modelling & Business Intelligence Specialists