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New Stourbridge credit union to boost town church appeal
10:08am Thursday 19th September 2013 in Local
STOURBRIDGE’S new Castle & Crystal Credit Union aims to boost the fundraising efforts of town churchgoers.
The credit union, which has been based in Dudley for 20 years, opened a new branch in Stourbridge Library on Tuesday (September 17) to offer town residents an alternative to high-interest charging payday loan shops.
And for every new member signing up, Castle & Crystal’s business and finance manager Dharminder Dhaliwal has pledged to give £1 from the £3 membership joining fee to an appeal to refurbish St Thomas’s Church Hall in Market Street.
Mr Dhaliwal, who chose to support the cause after reading the News’s front page story about the appeal in June, said: “The money will be ringfenced through our cashback scheme and it will contribute to the community fund for the restoration and repair of the community hall, which is used by groups in Stourbridge.”
Any borough resident, business, charity or voluntary group can become a member and invest with Castle & Crystal which is open in Stourbridge from 10.30am to 2.30pm every Tuesday till Saturday.
Councillor Stuart Turner, Dudley’s cabinet member for libraries, said: “The new facility will offer local people and businesses fair and affordable financial services on their doorstep.”
Among those signing up to the new scheme on the first day was Stourbridge MP Margot James who said: “Credit unions encourage people to save what they can and borrow only what they can afford to repay.
“It is great to see the Castle & Crystal expanding across the borough.”
For more details about membership, savings accounts and loan options call 01384 815771 or visit www.castleandcrystal.co.uk
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