Shropshire credit union's deals rise to £10m
A credit union in Shropshire has hit the £10 million mark in borrowing and saving for the first time.
Just Credit Union, which is based in Castle Gates in Shrewsbury, is a not-for-profit lender which has just marked 15 years in operation.
The members-only co-operative has now passed the landmark figure for its lending, with the number of borrowers and savers using its services having now grown to almost 4,000.
Manager Karen Farrow said: "We have had another remarkable year of growth in membership, savings and loans and we want to thank our members for supporting us and helping to maintain a not-for-profit financial service for local people.
At this time of year the vast majority of loans are Christmas-related, and Ms Farrow added: "At the same time, most of the loans we make are focused at people on low incomes.
"Research shows that most members spend their loans locally so this circulation of money helps the local economy. This also keeps services in the local community and we engage both with community groups, and local service providers."