CLARE ADAMSON MSP & MARION FELLOWS MP WELCOME MINISTER TO WISHAW CREDIT UNION
SNP MSP for Motherwell & Wishaw this week hosted Scottish Government Minister for Business, Innovation and Energy, Paul Wheelhouse MSP, at Wishaw Credit Union, accompanied by her SNP colleague, Marion Fellows MP. The parliamentarians were also accompanied by SNP councillor for Wishaw, Fiona Fotheringham. Mr Wheelhouse had asked to attend the credit union after Clare Adamson mentioned their work during a members debate at the Scottish Parliament.
The SNP parliamentarians heard from the Chief Executive of Scottish League of Credit Unions, Dermot O’Neil, who highlighted some of the key benefits that the credit union provides for the community of Wishaw, before the floor was opened up to a discussion between the Minister, the parliamentarians and those who volunteer for the credit union.
Wishaw Credit Union started in 1997 with twenty volunteers and has grown to 3000 members who are served by three members of staff and team of dedicated volunteers. They have provided loans ranging from £20 – £16,000 to members of the community and recently launched a budget loans service, which they provide at their usual rate of 12.7% APR, rather than the astronomical rates charged by payday lenders.
Commenting, SNP MSP for Motherwell & Wishaw, Clare Adamson said:
“It was fantastic to welcome the Minister to Wishaw today and I was pleased to hear about the excellent service that Wishaw Credit Union provides for my constituents.
“I was especially impressed to hear that the credit union has saved the community of Wishaw £17m in interest payments alone over the years, compared to traditional or payday lenders.
“I would urge my constituents to consider joining their local credit union as they can provide a great alternative to traditional lenders and now provide several types of financial service.”
“I’d like to commend the staff and the volunteers at Wishaw Credit Union for the excellent service they provide for the community.”
SNP MP for Motherwell & Wishaw, Marion Fellows added:
“I wholeheartedly agree with Clare’s comments and would join with her in thanking volunteers for their excellent service.
I am delighted to support them in their excellent work and have committed to lobby on their behalf at Westminster.”