Credit Unions

Part of 1. Questions to the First Minister – in the Senedd at 1:55 pm on 15 May 2018.

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Photo of Carwyn Jones Carwyn Jones Labour 1:55, 15 May 2018

I can say that officials will be meeting with the credit union sector on 21 May to discuss the financial transactions capital support that's being made available for this and the next financial year. Indeed, there's been interest from credit unions in terms of accessing that. We now have some 75,000 credit union members in Wales, and for many credit union members the credit unions provide a choice that doesn't involve going to loan sharks. We know that, and we know the financial pressures that have come on people over the last eight years, and we've seen never-ending austerity, and that's why the credit unions play such an important role in our communities, and it's why we have been supporting them to support people.