North Edinburgh Credit Union announces merger plan
North Edinburgh Credit Union is to merge with Castle Credit Union and Water of Leith CU, doubling the existing membership and giving the new organisation a stronger financial base.
In a letter to members, North Edinburgh Credit Union Chair Ron Carthy explained: “The Board of North Edinburgh Credit Union is committed to maintaining a strong CU presence in North Edinbyrgh and to offer the range of services our members expect. Therefore, the Board has agreed to merge with Castle Cedit Union and the Water of Leith CU study group as a major step in this process. This wiill not only double the size of our existing member base but also gives us a stronger financial base upon which to expand and sustain a viable credit union.
He continues: “The new Head Office for the merged credit union will be in our exisiting office in Wardieburn Drive. As part of our palans for the new merged credit union we will extending (sic) our opening times and be introducing access 24/7 via a new website for members to check balances, apply for loans and see how their savings are growing. We will also be offering a wider range of savings and loan products.”
NECU is holding a meeting at the Wardieburn office this Thurday at 6.30pm (business starts 7pm) to share information about the ‘exciting new plans’. All members welcome.
For further information call 0131 466 5006
or email committee@necu.co.uk
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