Credit union opens in Middleton St George

The Advertiser Series: SEEKING DEPOSITS: Volunteers Hilary Reaney and Valerie Smith, coun. Doris Jones and Tony Brockley of Darlington Credit Union at the first meeting of the Middleton St. George Credit Union Picture: STUART BOULTON SEEKING DEPOSITS: Volunteers Hilary Reaney and Valerie Smith, coun. Doris Jones and Tony Brockley of Darlington Credit Union at the first meeting of the Middleton St. George Credit Union Picture: STUART BOULTON

A NEW credit union in Middleton St George will help villagers save for a rainy day while resisting the lure of payday lenders, according to a councillor.

A credit union in the village’s WI hall – close to St George’s Church of England Academy - will open for the first time on Wednesday, August 20, giving residents the opportunity to save and borrow money at affordable rates.

Ward councillor Doris Jones believes the facility – part of Darlington Credit Union - will be a valuable asset for residents of the village.

She said: “It’s a wonderful idea to base it in the WI hall where it can catch the eye of parents and young children.

“I’d like to see children on their way to school setting up small savings accounts to see their pocket money grow – it will teach them how to handle and save money and give them skills that will be very handy.

“It will teach them to save for what they want and show them that not everything comes off a plastic card.

“It’s going to be a valuable facility for the village, not just for those who want to borrow but those who want to save.

“It will also bring us a step closer to squashing companies like Wonga – we don’t want people in our village to be in a situation where they turn to places like Wonga.”

The credit union, staffed by two volunteers, will be open on Wednesday mornings between 9am and 11am.

Comments (4)

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12:49am Thu 14 Aug 14

behonest says...

Where's the start-up capital of the credit union coming from?
Where's the start-up capital of the credit union coming from? behonest
  • Score: -1

9:00am Thu 14 Aug 14

Homshaw1 says...

"It will teach them to handle money" _ maybe a good idea to send a few council staff along then
"It will teach them to handle money" _ maybe a good idea to send a few council staff along then Homshaw1
  • Score: 0

9:29pm Thu 14 Aug 14

miketually says...

behonest wrote:
Where's the start-up capital of the credit union coming from?
It's not a new credit union, it's a branch of the Darlington one, which has had a million pounds in savings/investments.
[quote][p][bold]behonest[/bold] wrote: Where's the start-up capital of the credit union coming from?[/p][/quote]It's not a new credit union, it's a branch of the Darlington one, which has had a million pounds in savings/investments. miketually
  • Score: 3

10:26pm Thu 14 Aug 14

masterjo says...

Bit silly to open at 9.00am , just in time for all the school mums to spot who is going in for a bit of a Christmas credit !!!!
Bit silly to open at 9.00am , just in time for all the school mums to spot who is going in for a bit of a Christmas credit !!!! masterjo
  • Score: -3

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