Credit unions on the rise as membership passes 2 million

Figures show growing popularity of a movement no longer just for poor peopleNew figures have shown that credit unions, long touted as offering a vital alternative to payday lenders, are on the rise.Despite support from many quarters, credit unions have remained relatively low-key in the UK. However, official figures from the Bank of England released on Friday reveal that the UK’s credit union membership has passed the 2 million mark for the first time. Continue reading...