 Not-for-profit financial cooperative.  Owned and run by members.  Over 1200 savers. Operating locally as: Aylesbury Vale Community Bank MK Community.

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Presentation transcript:

 Not-for-profit financial cooperative.  Owned and run by members.  Over 1200 savers. Operating locally as: Aylesbury Vale Community Bank MK Community Bank and Thame Community Bank

 An affordable alternative to high-cost lenders.  Reaches out to families & communities on low-income.  Offering everyone in the community the opportunity to save & borrow ethically.  Last year we issued 169 loans with a value of over £206,000 to our members.

Savings  Flexible: As little or as much as people want.  Dividends when we a surplus.  Savings are covered by the government FSCS and are 100% safe. Borrowing  Standard loan rate for over £500 is 2% per month (26.8% APR) (£13.40 interest per £100 borrowed).  NEW Child Benefit loan and savings account, and Home Owner Loans

 Spread the word – talk to friends, family and neighbours, take a leaflet and signpost people to us.  Ask your employer to introduce a salary deduction scheme for the credit union.  Supply your contact details for our e-newsletter and like us on facebook.  Give us your “good news” stories to use in our newsletters. 5 How can you help?