Residents in Staple Hill and the surrounding area can now access the services of Bristol Credit Union four days a week, thanks to support from staff from the Our Place community project.
The Bristol Credit Union service point at Our Place Community Flat, Nelson Road is now open from 10.30am-1.30pm, every weekday except Wednesdays, for people to drop-in to open an account, deposit money, or apply for loans.
James Berry, CEO of Bristol Credit Union says:
“We are delighted that, thanks to community support, we are able to make Bristol Credit Union services even more available to people in the Staple Hill area. This means that more people will be able to access affordable savings and loans in their local community.
Whether it’s building up an emergency fund, or saving towards something exciting, we offer a wide range of savings accounts to help you reach your target, including a Christmas Saver, a Cash ISA and a children’s account.
We also offer loans for people who need them at much more affordable rates than doorstep or payday lenders. With the summer holidays fast approaching, some people may turn to short-term lenders to cover the cost of keeping children entertained, but this can come at a high price. Borrowing £500 from a doorstep lender, for example, over 12 months could mean you pay back £910, compared to £597 for the same amount from Bristol Credit Union – a total saving of over £300!*”
As a special summer promotion, Bristol Credit Union is offering free membership to anyone who joins before the 9 September, – a saving of £2.50. Just pop into Our Place Community Flat, with proof of ID and address, and £1 to open your account.
Bristol Credit Union is just one of a range of services provided by Our Place, a community based project with the aim of improving the quality of life for people in Staple Hill.
Borrow £500 from Bristol Credit Union and repay £11.50 per week for 52 weeks. Total payments £596.92, 42.6% APR representative.
Borrow £500 from Provident and repay £17.50 a week. Total payments £910.00, 272.2% APR representative.
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