It's an all-time high

02/08/2017

loans record

Your NHS Credit Union has just completed the most successful three months in its 19-year history.

In the period covering May 1 to August 1, the NHS Credit Union issued loans totalling more than £3million to around 2600 members.

And in that same period, 639 more NHS staff joined the Credit Union, taking total membership to more than 16,500.

It’s the continuation of a remarkable success story that has seen the credit union grow at record rates in recent years.

It began life in November 1998 when a group of employees got together to form the Glasgow NHS Employees’ Credit Union in the former Southern General Hospital.

Since then it has expanded dramatically, and from its office in Dava Street in Govan, the 14 full-time staff now provide a wide range of financial services to NHS employees and their family members across the whole of Scotland and the North of England.

At the start of this financial year, the NHS Credit Union had issued loans totalling more than £66million - and members' savings were almost £17m.

Commenting on the latest figures, Chief Executive Officer Robert Kelly said: “It’s a source of great pride – and a testament to the superb efforts of all our staff – that we managed to give financial assistance totalling more than £1m to our members in both May and June. But what is even better is to hear the individual stories behind these loans.

“For example, the loan that took us through the £1m mark in May helped a member prepare a special celebration for her mum’s 70th birthday. We also helped members create their dream wedding; sent some off on the holiday of a lifetime and kept some out of the spiralling misery of high-cost loans. Among the debt consolidation loans we issued was one that quite literally saved a member being evicted from her family home.

 “We look on ourselves as a financial family – and are delighted to have been able to help so many customers out in this way.”