Record year for Shropshire's not-for-profit co-operative


Shropshire's not-for-profit savings and loans co-operative is celebrating a record year.

Just Credit Union has achieved its biggest-ever growth in loans saving, up by 15%, and membership by 12%.

And since 2013 the credit union has doubled in size.

Today's announcement of the record growth comes in a month which celebrates International Credit Union Day and the work carried out worldwide by credit unions for around 235 million members.

Chief Officer, Karen Farrow, said  "The year of record growth reflects the hard work of the Just Credit Union team and the valuable support of our members as well as our many community partners.

"Our continuing growth shows we are meeting the needs of the people who live or work in Shropshire and Telford.  But we recognise we still have a long way to go to achieve our full potential.

"For many countries being a member of their local credit union is the way the majority of people save and borrow which is not yet the case in this country.

"People can support the credit union both by borrowing and saving and all the money circulates in Shropshire which benefits the local economy."

Chair, Pat Buchanan, said "I am very proud of what Just Credit Union has achieved and as a not-for-profit member-owned co-operative it is the people of Shropshire who benefit from our continuing growth.

"This growth has been based on providing members with an ethical friendly service.  Our ethical values have recently been demonstrated by our shortlisting for a national ethical finance providers’ award which gives us further cause for celebration."

The winner of the award will be announced in London on October 18 which coincidentally is International Credit Union Day worldwide.