Liberty Credit Union receives boost in funding
A community led credit organisation that offers fair savings alternatives and vitally needed support to people in desperate need of loans has been awarded £38,500 of funding. Liberty Credit Union has existed since 2003 and aims to encourage responsible borrowing in order to deter people from using loan sharks and businesses that charge extortionate interest rates.
Martyn Warne, the Chief Executive said: “I am delighted by the announcement. We have just opened a new branch in Vicarage Fields, Barking, and this money will help us to reach out to far more local people than we would otherwise have been able to do. We specialise in helping keep people away from having to access expensive door step lenders, and we need to make as many local people as possible aware that we are here to help. We focus on our local area, helping our own people, and the funding received will have an effect on our ability to drive this project forward ever faster”.
Jon Cruddas, the Member of Parliament for Dagenham & Rainham who is a keen supporter of Liberty Credit Union was also delighted at the news, noting: “The Credit Union does a lot of important work in the local area helping some of the most vulnerable and struggling residents. The Credit Union also has a track record of getting people into employment, either for the first time by tackling youth unemployment, or by helping others to get back into the workplace”.