Would you credit its success?

IT IS a year since a branch of a shark loan busting people’s bank moved into Bridlington town centre.

To celebrate, deputy mayor Coun Shaun Marsbsurg will visit paying staff, volunteers and members of the Credit Union branch next Thursday, January 27, to help them celebrate the first anniversary of them moving into 18 Prospect Street.

The Bridlington Branch of Hull and East Yorkshire Credit Union was set up in 2005 offering local people not-for-profit financial services such as safe savings accounts, affordable credit and user friendly bank accounts.

Until a year ago it operated from an office within the Community Resource Centre in Victoria Road but growing membership led to needing a larger office and they moved into the former Lamberts Estate Agency building which led to a huge increase in people wanting to know about their services.

John Smith, HEYCU’s development officer, said since the move membership doubled to its present level of around 800 in Bridlington and surrounding area.

“We have had many successes including helping people to start saving for the first time, and encouraging others to move away from costly doorstep credit and benefit from credit union loans with much lower interest rates.

“We have also had lots of holiday visitors calling in and saying they wished there was a credit union in their home town,” said Mr Smith.

The Bridlington Credit Union Office has created two new jobs and extended its opening hours to 9.30am to 4.30pm Mondays and Thursdays, and 9.30pm to 4pm on Fridays.

Next Thursday it is open to all between 11am and 2pm for light refreshments and a free raffle to mark their anniversary.