Community Banking BY MANDY BYGRAVE CWCDA

Warwickshire Financial Inclusion Partnership   Warwickshire Financial Inclusion Strategy   LPSA 2 funding   Financial Inclusion - 25 th June 2010

Warwickshire facts & Figures   Estimated 6,326 households may not have access to bank accounts   Home credit companies have large rounds across North Warwickshire.   Estimated that thousands of people across the county are using loan sharks

Provident – 272.2% Cost of £300 loan over 12 months TOTAL £878.47

Payday loan (Quickquid) – % Cost of £300 loan over 12 months TOTAL £

What is Community Banking ? Group of third sector organisations that offer money related services

Citizens Advice Bureau Citizens Advice Bureau  Referrals  Money/Debt Advice  Support and advice

Credit Union Credit Union  Front face  Savings and loans  Child Trust Funds

CWCDA  Bill paying  Budgeting & Money Management  Basic bank accounts  Save Xmas  Savings gateway  School Banks

Heart Of England money  CWRT  Loans to those on low incomes- 35 % £  Business loans  Business advice

Conclusion  Simple idea that can make a real difference to those that are financially excluded  We can make a difference to your tenants

New Ideas  What additional Services are required? -Savings gateway  How do you think this could help you or your tenant?

Contact details  New Way Credit Union  Heart of England money  Maxine Bennett  Mandy Bygrave –