CHORLEY MP Lindsay Hoyle has backed plans to open a Credit Union in the town.
Unify Credit Union, which currently has offices in Ince and Leigh, has applied to the Financial Services Authority to operate in Chorley and is planning to open a Chorley branch in the near future.
The Credit Union has received support from Lindsay Hoyle MP who became the first Chorley member to sign up to join the Credit Union.
He said: “I am delighted that the people of Chorley now have access to a credit union as we can see the benefits that this will bring to our residents.
“The council are very keen to support the credit union and are assisting by offering a base that the credit union can operate its services from.”
Credit Unions are not for profit savings and loan co-operatives, run by the community for the community.
They aim to provide low interest loans to members, even for people who may have a poor credit history or who want to borrow smaller amounts than is available via high street bank.
Angela Fishwick, general manager at Unify, said: “To begin with we’ll only be able to take applications for membership over the telephone and the internet, but the council is trying to find us a base so that we can provide a full range of services to members.
“We will be opening up a collection point as soon as possible.”