What’s St Albans Group Financial institution?

1:44 PM Might 20, 2022

A particular occasion has celebrated 20 years of a St Albans organisation set as much as those that have problem in accessing mainstream monetary providers.

Mayor Cllr Edgar Hill and MP Daisy Cooper have been current to assist mark the milestone anniversary for St Albans Group Financial institution at St Paul’s Church.

The St Albans and District Credit score Union, buying and selling as St Albans Group Financial institution since 2021, was setup in 2002. It at present has 1,600 members and members’ financial savings have grown to over £1.2 million.

Since its formation, the organisation has granted over 2,000 loans and in whole has lent over £2.7 million.

On the celebratory occasion, Chair Isabel Dolan referred to the Group Financial institution’s work over time in affiliation with different native our bodies and organisations, noting significantly the mortgage schemes it has run for each the St Albans district council (SADC) and Herts county council (HCC).

Each the Mayor and Daisy Cooper congratulated the Group Financial institution on offering its vital providers to the St Albans neighborhood over the previous 20 years.

Cllr Hill mentioned: “As budgets are being stretched, organisations such because the St Albans Group Financial institution turn into price their weight in gold. Something we will do to intensify their profile have to be a very good factor.”

Daisy added: “It was an absolute pleasure to fulfill the volunteers and founder members of this organisation, which has performed an vital half in our neighborhood for greater than 20 years now. With the cost-of-living emergency actually beginning to chunk, it’s not simply the much less lucky in our neighborhood who might wrestle – anybody who wants a short-term mortgage ought to know that the St Albans Group Financial institution stands prepared to assist, if they’ll. I am grateful to all of the workers and volunteers right here for doing such vital work for many who want it, each now and sooner or later.”

The St Albans Group Financial institution’s workplace is at 55 Catherine Avenue, St Albans, AL3 5BN and is open on Tuesdays, Thursdays and Saturdays from 10am to 12.30pm, and may be additional contacted on phone: 01727 859135 and by e-mail at workplace@stalbanscommunitybank.co.uk.

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