Cardiff Council Wins National Credit Union Title
Cardiff Council has received a national award for helping to improve the financial health of its staff and tenants.
The Credit Unions of Wales Award was in recognition of the local authority’s commitment to supporting the social welfare of its staff and tenants by encouraging them to access a range of affordable financial services from their local credit union.
The council was nominated in the Payroll Partner (Public Sector) category following a long-term partnership with Cardiff & Vale Credit Union.
Cardiff Council’s Cabinet Member for Finance Modernisations and Performance, Cllr Chris Weaver, received the title from BBC broadcaster Jennifer Jones at a special ceremony in Cardiff Bay
Cllr Weaver said: “I’m delighted to have picked up this award on behalf of Cardiff Council. We are committed to our partnership with the Cardiff & Vale Credit Union. More than one in six people in Wales are at risk of being unable to keep up with credit payments so it’s vitally important that there are Credit Unions out there who can help people save and borrow effectively and affordably.”
Cardiff Council actively promotes credit Union membership with payslip messages, features and links on its intranet and staff app, weekly credit union promotions in its offices and adverts in its quarterly newspaper resulting in high staff take-up.
Leanne Herberg of Cardiff & Vale Credit Union said: “The partnership was highlighted in the Co-op Party’s publication Credit Unions & Local Government Working in Partnership to encourage other Councils to adopt a similar approach.
“The council cares about the financial responsibility of tenants as well as staff, and we work with the housing department to ensure tenants receive credit union literature in rent statements and other information.”
Cardiff Council was one of eight award winners at The Pierhead which also welcomed Jane Hutt AM, Patron of the Credit Unions of Wales who is spearheading a campaign for Welsh people to take a stand against high cost credit providers
It comes following an announcement that people in Wales are more susceptible to over-indebtedness than any other country in the UK, with 440,000 at risk of being unable to keep up with credit repayments.
According to the study by the Money Advice Service, more than one in six people in Wales are at risk of being unable to keep up with credit repayments.
Michael Sheen, actor and founder of the End High Cost Credit Alliance said: “As a Patron of Credit Unions of Wales it’s an honour to support the awards in raising the profile of the great achievements made this year.
“Fair and responsible finance that can respond to the real needs of people in communities across Wales and the rest of the UK is core to my mission with the End High Cost Credit Alliance, of which I’m proud to say Credit Unions of Wales is an important member.
“For the movement to win the battle against high cost credit, we need effective providers and that includes credit unions. So today is a great opportunity to showcase what works and to raise the profile so that more people join their local credit union. Congratulations to all of this year’s winners.”
The Credit Unions of Wales Awards were sponsored by ABCUL, Change Account, Engage and supported by the Welsh Government.