Kids become savvy savers
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.