Residents can now receive help with their finances at the advice and information centre based at St Albans City and District Council.
The St Albans District Credit Union has begun to provide financial guidance and information at the centre every Wednesday, from 10am to 1pm.
The St Albans District Credit Union is a not-for-profit community organisation run by volunteers and regulated by the Financial Services Authority. It provides savings accounts for deposits of up to £10,000* and affordable loans of up to £5,000 to people living or working in Hertfordshire who become members.
The advice and information centre opened in November last year offering a range of services all in one place. Oaklands College, St Albans District Citizens Advice Bureau, the Volunteer Centre and the Council all provide advice, guidance and information at the centre.
Councillor Julian Daly, Executive Leader of St Albans City and District Council and Portfolio Holder for Resources, said: “The advice and information centre goes from strength to strength with the arrival of St Albans District Credit Union. Residents can now receive guidance about their finances as well as advice on a range of other issues from one single location. We hope that this service will make it easier for people to access information and advice when they have a problem.”
Arthur Chapman, a director at St Albans District Credit Union, said: “Joining the advice and information centre means that we will be able to provide more people with support and guidance about money and finances. This is particularly important during these troubled economic times. We are able to offer loans and savings accounts at competitive rates of interest to everyone in the community. This includes providing loans for the homeless so that they can fund deposits on rented homes in the private sector.”
The advice and information centre is located in the Council’s offices at the Civic Centre in St Peter’s Street, St Albans. More information about the
services available at the centre, including daily opening hours, is available on the Council's website or by calling on 01727 819500.
Councillor contact:
Cllr Julian Daly, Executive Leader and Portfolio Holder for Resources
St Albans City and District Council
Mobile: 07775 657200
Contact for the media:
Amanda Wilkinson,
Media and Internal Communications Officer
St Albans City and District Council
Tel: 01727 819317
E-mail: amanda.wilkinson@stalbans.gov.uk
www.stalbans.gov.uk
Follow us on Twitter:http://twitter.com/StAlbansCouncil
Notes:
More information about St Albans District Credit Union is available on the organisation's website.at: https://stadcu.org/index.html
All savings with the credit union are covered by the Financial Services Compensation Scheme.
Picture caption:
St Albans District Credit Union joins the advice and information centre (left to right): Lorraine Dawson from St Albans City and District Council, Kathryn Guilpain from Oaklands College, Arthur Chapman from St Albans District Credit Union, Janet Smart from the Citizens Advice Centre and Michelle Hart from the Volunteer Centre.