Credit union in Exmouth

Credit union in Exmouth

It is planned to open a new service point (branch) of the Devon-wide Plough and Share Credit Union in Exmouth Town Hall on Wednesday 20th July. Initially the service point will open on Wednesday afternoons only, but if more volunteers are forthcoming, it is hoped that the opening days can be extended.

All are most welcome to deposit savings in the credit union – as little as £1 a week is acceptable (or less for children). Savings are fully protected by the FSA. Once a savings record has been established over a number of weeks, members are eligible to apply for loans at a reasonable rate of interest. Savings do not attract interest but, if the union makes a profit over the financial year, a dividend will be paid.

More volunteers are needed to help run the service point. If you would be able to give an afternoon a week or fortnight, please contact the co-ordinator:

Maureen Loman on 01395 274324 or at

Geraldine Farnell

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