Helping Credit Unions Help Communities - Promoting Saving & Dealing With Debt
Credit unions are not for profit organisations dedicated to promoting saving as an alternative to debt, but also provide essential low-cost credit at times of need.
The services Credit unions provide are crucial in ensuring all people have access to fair and affordable financial services especially from poorer sections of society.
The Prudential Regulation Authority has greatly increased the minimum capital/asset ratio for all financial institutions, but credit unions have very limited ways of raising capital. These regulatory changes are stemming the growth of more successful credit unions, limiting the benefit to individuals and the wider communities they serve.
This event invites senior business leaders and investment professionals to a discussion around how credit unions might respond. The event will examine ways in which businesses might be able to assist by providing salary savings schemes for their employees, providing subordinated debt or purchasing deferred shares as capital.
The event is supported by the Association of British Credit Unions with contributions from Lloyds Banking Group and the Church of England.
- Matt Sparkes
- Head of Corporate Responsibility, Linklaters LLP
- The Right Reverend Robert Wickham
- Bishop of Edmonton
- Martin King
- Head of Customer Vulnerability, Lloyds Banking Group
- Robert Kelly
- CEO of the Association of British Credit Unions
- Martin Groombridge
- CEO, London Capital Credit Union
To attend please RSVP to this address.
One Silk Street
London, EC2Y 8HQ