Mark Lancaster MP

12 DEC 2011

Mark welcomes alternative to loan sharks and payday loans

Mark has become the latest new recruit to the Milton Keynes Credit Union.

The MK Credit Union is a not-for-profit organisation, run by its members, that supports local people to save and access affordable credit. It provides an alternative for people who otherwise may have to resort to doorstep lenders who charge extortionate interest rates or have to take out payday loans where interest rates can over 1000% APR.

Mark commented:

"I'm pleased to join the MK Credit Union. I'm delighted that we have a local organisation in Milton Keynes that people can save with knowing that their money is in safe hands."

"Christmas is a time of celebration, but we know it can also put pressure on family finances. Now is the ideal time to start saving to make life a little easier next year for all those special occasions; big purchases and emergencies. So if you want to start saving, I'd recommend joining the MK Credit Union."

Philip Turnbull, Chair of the MK Credit Union:

"I hope that the endorsement from the City's MP will encourage more people to save with us and to be able access affordable loans."

Joining is easy– membership is only £1, and there are service points throughout the city where you can complete an application form, pay-in cash or apply for a loan. To join the MK Credit Union tel 01908 525086 ; email: enquiries@mkcreditunion.org.uk or visit our website and download an application form: www.mkcreditunion.org.uk

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