Ryedale District Council are now working in partnership with Community First Credit Union to offer an alternative banking option in Ryedale.
Residents in Ryedale can open a current account with card access and online banking facilities through the credit union and they also offer loans, savings accounts and a budgeting account which assists households to manage their monthly income and ensure that priority bills are paid.
If you need that extra bit of money for a new car, holiday, washing machine, any unexpected expense or are starting or growing a business then the credit union provides a number of affordable loan products with low interest rates. The credit union offers an alternative to the main high street banks and will also work with people who find themselves excluded from mainstream financial institutions.
“Households on low incomes who are struggling to manage their finances may find the budgeting account invaluable to ensure that their rent, council tax, gas and electricity is paid automatically and they therefore have less to worry about each month and can then just get on with their lives.” Julie Moss – Head of Operations Community First Credit Union
Community First has been operating as South Yorkshire Credit Union for many years and already has already expanded into North Yorkshire with branches for example in York and Scarborough. They are currently rebranding themselves and the name change will strengthen the message that their services cover a wide geographical area.
“At Community First Credit Union, we must not only deliver 21st Century fit for purpose services but also direct support and more importantly hope for individuals, their families, their community. We are so excited to be working in partnership with Ryedale District Council as especially, in these times in particular, no single organisation can do it all. Yet by sizzling together with such key partners – rather than simmering alone – then things can and will happen”. Gary Simpson – CEO Community First Credit Union
Councillor Luke Ives, Chairman of the Policy and Resources Committee at Ryedale District Council said “the Council welcomes this partnership and hopes it can assist some of our residents in budgeting assistance and access to affordable products”