The Annual General Meeting of members of Advance Credit Union will take place on Saturday, 8th March 2014 at 10:30am. It will be held in the community room of Erdington Library, Orphanage Road, Erdington. There will be the opportunity to review the credit union's accounts for 2012-2013 and elect the board of directors for the coming year.
The meeting usually takes around an hour and a half and all members are welcome. Please note the correct time of this meeting.
Find out what has been happening in your credit union over the past year by downloading a copy of our recent newsletter.
The credit union has been successfull in its application for a small grant!
This was all thanks to your votes, so the credit union would like to give a big thank you to everyone that voted for us. The money will be used to publicise the credit union services in Solihull.
The cheque was presented to the four successful applicants DIAL Kingshurst, Midland Heart, St Basil's and the credit union by the Mayor of Solihull.
The grant is funded via the England Illegal Money Lending Team (Anti-Loan Shark Team). If you or anyone you know is at risk from a loan shark you can get help. Just phone 0300 555 2222.
Payday loan websites blocked on Solihull library computers
Payday loan websites have been blocked on computers in all Solihull Council libraries.
The move comes following a notice of motion passed at Full Council on 3 December which noted that more and more people are getting into difficulty over payday loans.
The websites of more than 200 payday loan firms such as Wonga and QuickQuid will no longer be accessible on computers within the borough’s 14 libraries.
Cabinet Member for Resources, Councillor Robert Hulland said: “This is a timely move following the Christmas period when some people may be feeling extra financial pressure. Unfortunately, there are more and more people who are struggling financially, but these short term loans with their exorbitant interest rates are not the answer.
“We’re supporting the development of Solihull’s Advance Credit Union which may be able to offer people more affordable lending options. A credit union will help residents save and budget so they can access affordable loans and escape the trap of extortionate payday lenders. Credit Union interest rates are capped at 2% per month and help clear your debt over a reasonable period of time so that you are not constantly borrowing”.
As well as blocking payday loan websites from library computers, the Council has also endorsed a Charter calling on the Financial Conduct Authority (FCA) to introduce tougher regulation of payday lenders. Residents can support the Charter by signing the online petition at: www.change.org/paydayloancharter
For debt or budgeting advice call Advice in our Area on 0121 703 0945 (10am to 2pm Monday to Friday).
More information about the help available locally is also available on the Council’s website at: www.solihull.gov.uk/Attachments/Support_to_Success.pdf
Advance Credit Union Ltd is the new name for North Birmingham Community Credit Union (NBCCU) with effect from April 2013.
The new name better reflects the continued growth and outlook of the credit union.
There are many more changes too:
- new logo, website and branding
- Internet Banking
- Mobile banking
- additional services