Pioneer Mutual Credit Union’s Ethical Loans Recognised in Parliament

05/10/2018

 

Pioneer Mutual meet with Tom Arthur MSP in October and where presented with an Early Day Motion, which congratulated them on their work in the community and their ethical loans; which ensure that wealth is retained in the community rather than going to high interest payday lenders.

The motion " welcomes the responsible approach to borrowing which uses a loan calculator and only charges interest on the outstanding balance, rather than the full amount borrowed, and encourages people to join their local credit union and benefit from not-for-profit services that encourage saving what you can and borrowing only what you can afford to repay."