Kids be­come savvy savers

Rutherglen Reformer - - Intimations -

Blan­tyre and South La­nark­shire Credit Union have been of­fer­ing sav­ings ac­counts and loan prod­ucts since it was founded in 1991.

To this day it con­tin­ues to grow and in­tro­duce more ser­vices as the needs of its mem­ber­ship changes.

Their latest of­fer­ing is a lim­ited time of­fer on se­cured loans, cut­ting their rates from 6.2 per cent APR to 2.75 per cent, one of the most com­pet­i­tive rates avail­able on se­cured bor­row­ing.

Blan­tyre & South La­nark­shire Credit Union was founded as Blan­tyre Credit Union and was orig­i­nally run from a com­mu­nity hall in Blan­tyre. In 2001 it be­came big enough to move into its own premises, a large old rent col­lec­tion of­fice.

BSL Credit Union didn’t stop there, a se­ries of merg­ers with other credit unions has seen it hold of­fices in Ruther­glen and Larkhall as well. The com­mon bond of the Credit Union now ex­tends to any­one liv­ing, work­ing and study­ing in La­nark­shire.

Blan­tyre & South La­nark­shire Credit Union has a long run­ning history with work in the com­mu­nity, one of the key achieve­ments is the Savvy Savers Pro­ject which op­er­ates in 70 schools across South La­nark­shire.

Its suc­cesses have been no­ticed by Busi­ness Min­is­ter, Fer­gus Ewing, and Min­is­ter for Learn­ing Dr Alas­dair Allan, as well as other mem­bers of the Scot­tish Par­lia­ment.

Fol­low­ing a visit to a lo­cal school who are sav­ing with the Credit Union, Mr Ewing said: “To­day’s visit has been ex­tremely use­ful and a great op­por­tu­nity to find out more about ju­nior sav­ings schemes from the young savers them­selves, teach­ers, BSL staff and vol­un­teers. We’ve dis­cussed how the scheme works, its ad­van­tages and lessons learned.

“This is a great ex­am­ple of how credit unions and schools can work to­gether lo­cally to play a key role in en­cour­ag­ing young peo­ple to un­der­stand money and be­come more fi­nan­cially aware.”

You can find more about BSL Credit Union online at www.cred­i­tu­nion.scot, or on Face­book –BSL­Cred­i­tU­nion and Twit­ter - @BSL­Cred­i­tU­nion.

If only Myra Dolan from Blan­tyre and South La­nark­shire Credit Union with Emma Cuth­bert­son, Robyn McIn­tosh and Cameron Hamil­ton, who were each awarded their own one mil­lion pound note

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