If you had the opportunity to do business with a bank which shared its profits amongst its customers, brought financial power down into the community and offered fair and responsible loans and safe savings accounts, what would be your reaction? Possibly there’d be a fair amount of incredulity as it sounds too good to be true.
Twenty years ago, a group of local residents met at a public meeting organised by Stroud District Council and decided there should be such an organisation for Stroud, so Stroud Valleys Credit Union was born. Now, in 2018, this co-operative run by local people is still going strong and is the only financial organisation dedicated purely to helping people living and/or working in the Stroud district and Tetbury areas. However, it’s one of over 57,480 credit unions in more than 105 countries around the world, part of a global network which started in Germany in the 1850s.
Stroud Valleys Credit Union offers low cost loans with no hidden fees or early repayment penalties. Savings are an important part of its service with accounts available for adults and children. But a great added extra is that doing business with SVCU means supporting Stroud’s local communities at the same time. All its money helps local people build financial resilience and keeps money within the local economy.
To find out more about SVCU, visit www.svcu.org.uk, ring or call into our office in The Old Town Hall in The Shambles between 11am – 1pm, Mondays to Saturdays (except Tuesdays).