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(Stourbridge News) Church backs Dudley union which is a credit to ethical lending

Posted on October 19, 2013 by Kendall Harmon

The Church of England is backing an organisation which it says is a credit to ethical lending in Dudley.

The Church of England deposited £15,000 from its Social Responsibility Fund with Castle & Crystal Credit Union.

Unlike many banks and payday loan companies, credit unions are co-operatives with no external shareholders and only lend money which has been deposited by its members.

Robert Higham, diocesan secretary for the Diocese of Worcester, said: “With a well established credit union in our community, it gives people in need of affordable financial services somewhere to turn and helps them to make ends meet.

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