Lloyds Banking Group have invested £1m annually into UK credit unions in partnership with the Credit Union Foundation. Advance Credit Union was fortunate to be awarded £50,000 to upgrade our office and IT as well as boost our lending to high-risk borrowers. This investment proved immensely successful and we have continued to loan to many people who would otherwise be financially excluded. As all our borrowers save-as-you-pay £3 weekly or £12 monthly many people have been able to save for the first time, giving them the option to escape the debt trap and improved their financial capability.
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