We Love Stoke Newington is for residents living in the local area providing updates about local meetings, campaigns and useful information. This site is maintained by your local Labour team for Stoke Newington.

Sunday, 30 January 2011

London Community Credit Union opens

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 info@londoncu.co.uk.

The website for the LCCU is here.

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