1. Affordable Warmth in Rural Communities? 1.15 pm Financial help available – Nick Marshall of North Yorkshire Credit Union.

2. Who runs the credit union? Owned and controlled by the members – AGM elect Director members Volunteer board of directors – Individually vetted by the Financial Services Authority –Trained in specific areas of credit union management Staff employed to manage the credit union 177,000,000 Members 49,000 Credit Unions 96 Countries

4. Expansion Funded by Partnership lead by NYCC 8 Local Authorities and 4 Housing Associations Partnerships offer in-kind and financial support

5. Volunteer Board of Directors in Eastfield

6. York Credit Union Ltd. May 2006 North Yorkshire Credit Union. May 2009 Membership,May 2009 was 1000 in York. Membership May 2010 now 3000

8. PAY POINT CARD @ 20p/transaction

9. WHAT WE OFFER Flexible small loans No set up charge or early redemption fees Payroll deduction and services for staff Christmas and Holiday saving clubs Consolidation loans to escape high % debt Loans accessed on ability to pay Ethical and safe savings

12. ACCESS POINTS Website ID verification Online Banking Withdrawals Cheque & cash deposits Loans Applications Customer Access Centres Information Deposits

15. FUELAPPLIANCECOMPARISON Cost per hour GAS: Cheaper than Electricity Gas Fire. On full 11p Normal gas central heating. In very cold weather 44p Warm-air gas central heating. In very cold weather 16p Wall mounted gas flue heater On Full 6p Bottled Gas: Is expensive and causes condensation Calor gas heater On full 66p Electric: Bar Fire 3 Bar – 3kW 33p Oil Filled radiator- 1kW 11p Fan Heater – 2kW 22p Convector Heater – 2kW 22p

16. Cost of alternative energy Alternative energy Installation cost Government grant Cash back Annual savings for gas Annual savings For electricity Total annual income for gas Total annual income for electricity Solar PV £8,000- £14,000 £0£725£110 £835 Solar thermal £3,000- 5,000 £400£200£60£90£260£290 Ground source heat pump £7,000- 13,000 £1,200£1,300£130£590£1,430£1,890 Air source heat pump £5,000- 9,000 £900£1,400£30£490£1,430£1,890 Wood-fuelled heating £9,000£600£1,700£-190£280£1,510£1,980

18. Why do we need a Credit Union? Check the market and see what people pay for credit. www.lendersCompared.org.uk

19. Non-Bank Licensed Lenders Loan Amount Repayment Period Repayment Amount/ Per week Total to Repay Total Interest Interest Rate Provident Personal Credit £300 31 weeks£15£465£165365.1%APR Shopacheck Financial Services 32 weeks£15£480£180399.7%APR North Yorkshire Credit Union (NYCU) 22 weeks£15£315£1526.8%APR Overdraft or Credit Cards. Comparison to NYCU Loan Amount Repayment Period Repayment Amount/ Per Month Total to Repay Total Interest Interest Rate Typical Credit Card * £500 12 months£45£540£4016.9%A.P.R Typical Overdraft**12 months£49£588£8818.9% E.A.R North Yorkshire Credit Union (NYCU) Match Loan 12 months£43£533£3312.7%APR

20. Community Based development Multi access, focused at target areas and groups Partnerships: Voluntary Sector; Community groups; Churches; Libraries; Children's Centres; Schools; Employers Education: For Schools to develop money skills: For Adults to improve Financial Capability

21. POSSIBLE ACTION Special Loans or Savings schemes to allow purchase of bulk Gas/Oil fuel Networking to spread information about Credit Union

22. CONTACT DETAILS York Office: 01904 676633.Public WEBSITE: www.nycu.org.uk Nick Marshall.Project Manager 01904 676664. Email: nick.marshall@nycu.org.uk