Councillors in Guildford are spearheading efforts locally by working with local businesses and stakeholders in what has been described as the worst recession since World War II. Guildford Borough Council with key figures in the community, have set up Surrey’s new credit union.
A credit union is a mutual financial cooperative in the tradition of the old style building societies. It is owned and controlled by its members who save and borrow from it and elect its volunteer board.
Profits are used to grow the business and are passed on to members in interest on savings or dividends. Guildford Borough Council has pledged £50,000 to the Credit Union through its Credit Crunch Fund.
To pledge your support simply pick up leaflets displayed throughout Guildford. Alternatively pledge online at www.surreysave.co.uk