Money Advice
With funding from the Big Lottery Fund we are able to offer both members and non-members an advice service to help them address any financial difficulties they may have. Around 20% of our members come to us to borrow money, to help them tackle an immediate financial crisis. Often what is needed is money advice rather than a loan.
We are able to offer basic advice only. If our members have complex problems or have a loan with the credit union, they are referred to an independent advice agency for advice.
For most people we are able to offer an excellent range of services, including help with:
- Drawing up a household budget
- Making sure you are getting all the money to which you are entitled, such as benefits and tax credits
- Applying to trust funds to help you clear some of your debts
- Negotiating with your creditors
- Opening a bank account
The service started in September and can be contacted on 07918 734 602.
Watch this space over the coming months as we include online resources to help you deal with any financial difficulties, you may have.
 Contact us if you have any further queries
This page was last updated on 28th March 2008.
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News
4th August 2008
Positive changes to credit union
legislation
The Economic Secretary to the Treasury, Kitty Usher, has just
confirmed a range of changes to the rules governing credit unions
that will allow us to offer a much broader range of services to
our members. These include:
- Making 'common bond' legislation more flexible - that means
that even if you don't live or work in East Sussex you could
still join our credit union in some circumstances
- Enabling groups and not just individuals to become members
- if your community organisation is looking for somewhere to
bank that means you could choose the credit union
- Allowing credit unions to pay interest on accounts as well
as a profit sharing dividend - so we can offer more certainty
about the return you could get on your investment with us
- Removing the age limit, so that our junior members can also
become full members of the co-operative
"These changes will make a real difference to the credit
union", commented General Manager, Adrian Davies "We
will be able to offer accounts that pay interest to people living
outside of East Sussex, including many Housing Association tenants
who do not currently qualify for membership."
The legislative changes are expected to be in place by July 2009
Read
more news
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Money advice
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