Positive Action Group - Possan Jantys Jarrooagh

Open, accountable government, rigorous control of public finances, and a fairer society for all.

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PAG Event: The Case for a Manx Credit Union

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"The Case for a Manx Credit Union'

A presentation by

Manx Credit Union Working Group &

Dawn Vear - Operations Manager, UK Credit Unions Ltd

7.30 p.m. Monday 24th February 2014

Manx Legion Club, Market Hill, Douglas

Admission Free - All welcome

The Isle of Man hasn't escaped the upheaval and uncertainty in the banking industry. Confidence both by investors and borrowers is low. People have resorted to taking out pay day loans, often with disastrous consequences.
Well there is another way of saving and borrowing that could be coming to the Isle of Man. It's run by the community for the benefit of the community and is called called a Credit Union
In the UK there are about 500 Credit Unions, but until now not one here. For about a year a voluntary working group has developed the idea of establishing a Manx Credit Union.
The group will present the concept to the February PAG pubic meeting and will be joined by Dawn Vear, the Operations Manager for UK Credit Unions Limited.
This is an exciting new development for the Isle of Man so do come along and join in the discussion.



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