Local Credit Union launches in Louth
News Section: Longhurst and Havelok
Homes RSS Feed 
Publish Date: 28th September 2011
Author: Keeley Haddock
The first credit union in Louth officially
launched this week.
To celebrate the occasion, guests were invited
to a drinks reception and a chance to meet the volunteers at the
Holy Trinity Centre in Louth. The guest of honour, The Mayor of
Louth, Councillor Brian Burnett joined representatives from L&H
Homes, New Linx Housing Trust, East Lindsey CAB, East Lindsey
District Council and Linda Burden, Business Development Manager to
declare it open.
The new service is set up by Lincolnshire
Credit Union (LincUp) in partnership with the Team Parish of Louth
and supported by various local organisations including the Housing
Associations Longhurst & Havelok Homes (L&H Homes) and New
Linx Housing Trust.
LincUp offers safe savings and low cost loans to its member and
acceptance criteria is based on the ability to repay the loan
rather than past credit history.
As an incentive L&H Homes are also
offering their new residents living in Lincolnshire £10 credit when
opening a new savings account and New Linx Housing Trust are paying
the joining fee.
The collection point is based at Holy Trinity
Centre, Eastgate, Louth every Wedneday between 11.00am – 1.00pm.
Paula Caunt, Income Manager at L&H Homes
commented “L&H Homes are very proud to support of the
Lincolnshire Credit Union and the launch of their services in Louth
is an excellent addition for the local community. We would like to
encourage all our residents and people living or working in the
local area to become members. They will provide friendly advice on
low cost loan options. Plus if people haven’t got a savings
account, it’s a local and convenient place to start making small
regular savings.”
Linda Burden, LincUp Business Development
Manager, commented “The Louth Credit Union has already received a
positive response from the public and the number of people becoming
members has been fantastic. We couldn’t thank the Team Parish of
Louth enough for volunteering their services and our Housing
Association partners for supporting the project enough.”
Karen Morton, Community Engagement at New
Linxs Housing Trust, commented
“New Linx are pleased to support Lincolnshire
Credit Union and delighted to see the expansion of their services
into Louth. Thanks to the enthusiasm and dedication of the
volunteers involved people living in the local community now have a
real, accessible alternative to doorstep lenders, and the
opportunity to save even small amounts on a regular basis. We
wish the Louth branch every success and would like to remind any of
our residents wishing to join that New Linx will pay their joining
fee.”
For more information on how to become a member
of LincUp please contact the main office in Lincoln on 01522 528886
or the Trinity Centre on 01507 605803.
