Cash in the Community
The faceless state of banking is taken for granted in our modern world. Cards are swiped, buttons pushed, funds transferred, WAP messages sent, web sites clicked. Remember the last time you spoke to a bank cashier?
Just as we are detached from our banks, we are also detached from the money itself – our hard earned sterling becoming a few digits in a number as long as your arm. Our cash travels overseas, and back, at the speed of a mouse click – funding repression here, government aid there, a loan to a business, the sponsorship of an event.
Credit Unions turn the anonymity of saving and lending on its head. The first Credit Unions began to spring up during the 18th century when communities saw dealing in money and goods locally as a means of social interaction and support. Today, the 600 or so UK based Credit Unions are popular, strong and present a real social alternative to the beeps and clicks of the High Street
What is a Credit Union?
Simply put, a Credit Union is a very localised savings and loans co-operative, set up by and run by its members. The emphasis is on social and sensitive democracy rather...
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