Issue details
Haringey Credit Union
Haringey Credit Union membership is growing fast but the number of members taking out loans is outweighing the number of members saving with the Credit Union. The result is that the credit union is seeking additional capital to meet the demand for loans from Haringey residents and to ensure sustainable business growth
Decision type: Key
Decision status: For Determination
Decision due: 12 Jun 2012 by Cabinet
Consultation process
Stakeholders and partners will be consulted on the approach to sustaining the Credit Union in Haringey.
DMT date and early discussion between AD and Cabinet Member: Cabinet Member for Economic Development and Social Inclusion and the Director of Place and Sustainability
SLT date: The Credit Union plays an important role in promoting financial inclusion in the Borough as well as responding to the recession. It offers a service to financially excluded individuals and families and provides community based financial advice and debt management integrated into personal advice.