This week, the London Community Credit Union opened a Hackney Branch.
LCCU is the new name for Tower Hamlets Credit Union as it takes over from the Hackney Credit Union which was closed last year. They now have 3 branches in Tower Hamlets and over 10,000 members – and hope to have equal success in Hackney.
Up to 40% of Hackney residents could be considered at risk of financial exclusion and of being exploited by unscrupulous lenders.
Hackney Council recently passed a motion condemning loan sharks which you can read here.
The aim is to offer accessible and fair financial services - bank accounts, low interest loans - with all profits re-invested in the community. To find out more or to join the London Community Credit Union, contact 020 7729 9218 or email email@example.com.
The website for the LCCU is here.