Mike Hedges, AM for Swansea East has
welcomed news from Welsh Government that extra funding is to made available to
Credit Unions in Wales.
He said… I am aware of the good work
that LASA Credit Union do in Swansea East and hope that they can benefit from
this additional funding. Credit Unions provide services to many of the most disadvantaged
people in the Communities of Swansea East and I have been very impressed with
the work they do in Partnership with Communities First teams in the areas and
with local schools.
I would urge anyone with money problems to
contact the Credit Union rather than use High Interest pay day loan type
companies.
Communities and Children Secretary, Carl Sargeant has
announced £422,334 for credit unions across Wales during 2017-18.
The funding will help credit unions
continue to support financially excluded members as well as help their longer
term sustainability. Projects will include schools savings schemes and
community engagement programmes.
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