Central Scotland Labour MSP Margaret McCulloch praised her local credit union for 30 years of service to the people of East Kilbride – and even signed up to join – after meeting with General Manager John Lange, credit union stalwart Pat Farrell and local staff at the Village headquarters of East Kilbride Credit Union.
East Kilbride Credit Union was founded in 1982 and has since grown to have over 5000 members, with 500 junior savers, assets of £5 million and £2.8 million of loans to the people of East Kilbride and the surrounding area.
Credit Unions are an ethical and affordable alternative to high street banking and high interest lenders such as pay day loan companies. Credit Unions are owned by their members and their collective savings are used to lend to other members in a fair and accountable way.
Margaret McCulloch MSP said: “East Kilbride Credit Union has served the community for 30 years and it is still going strong, with a great profile and a great record in the town. I was only too happy to join up and to do my bit to promote the service that is available locally because I know that credit unions are a unique, affordable alternative to other lenders at a time when household budgets are being squeezed and the economy is quite uncertain.
John Lange, General Manager of East Kilbride Credit Union, said: “All of us at East Kilbride Credit Union are delighted that Margaret found the time to visit us and discuss the issues facing credit unions. As our newest member, she will benefit from being part of the fastest growing financial sector in the UK and we know that she will be a great advocate for credit unions in the Scottish Parliament.”ff, good volunteers and good members behind them that East Kilbride Credit Union will go from strength to strength in future, regardless of the economic situation.”