×


Home About Contribute Media Kit 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 - With the world facing the greatest public health crisis in living memory and public sector borrowing at record levels, leading economic historian, Dr George Maher, argues that the root causes of many of the economic disasters of our time are much the same as those of the Roman Empire.


Pugnare - George Maher's lessons from the economic collapse of Rome

Finance Business News - A North-East based fintech firm has been launched with the aim of digitally transforming the way private equity firms, venture capital funds and angel investment networks currently manage the end-to-end investment process.


Fintech firm digitally transforming the investment sector

Finance Business News - South Manchester based accountancy firm Leavitt Walmsley Associates LWA are thrilled to announce they are due to return as an official Manchester Storm sponsor for the 20 21 Ice Hockey Elite Series LWA first came on board with the local club during the 2017 18 Elite League season and have continu...


LWA Return as Official Sponsor for the 2021 Ice Hockey Elite Series

Finance Business News - With IPO s trending, it can seem pedestrian to want to retain control of your company. But there are many compelling reasons to do so. So while everyone else is listing, let s go through the reasons not to.


Why entrepreneurs should keep companies private

Finance Business News - Colleagues at a leading Brierley Hill financial services company have been supported through the challenges to their mental health of working apart during the COVID-19 lockdown.


Abacus Wealth Services support staff working apart during Covid-19 lockdowns

Finance Business News - SQA Consulting, the business and technology transformation and financial crime prevention anti-money laundering software company, working with ABC TECH Group has established a joint venture company, SQA Consulting SEE in Bosnia and Herzegovina. The new company will create 75 UK-based new jobs.


Joint venture creates 75 technology jobs in Manchester






Ten Times Ten

We transform your bright ideas into brilliant digital products.