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Cross Party Group on Credit Unions meet at Scottish Parliament

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27 Apr 18

On Wednesday 18 April the Cross Party Group on Credit Unions, convened by Ruth Maguire MSP and for which ABCUL acts as secretariat, met at Scottish Parliament. The packed meeting of credit union representatives heard an update from the Scottish Government on a credit union awareness campaign, a commitment made in the Programme for Government last year. The campaign has now been approved for funding, and is on course to be launched later in the year. ABCUL looks forward to working with the Scottish Government on setting out the priorities for a campaign.

The meeting heard from representatives of the Accountant in Bankruptcy, the agency handling insolvency matters in Scotland, about plans they have to reform the Debt Arrangement Scheme and Protected Trust Deeds, and representatives of credit unions then discussed some of the current challenges which current legislation and pressed for the AIB to take steps to address them.

Speaking after the meeting Ruth Maguire MSP said: “Like the rest of the group, I was pleased to hear that the Scottish Government is well on track to develop and deliver the credit union awareness raising campaign, committed to its Programme for Government, this year.

 “Lack of awareness around what credit unions are and what they do is one of the main barriers to participation and growth, and I look forward to this campaign taking steps to change that. I am also grateful to the representatives from the Accountant in Bankruptcy, who generously shared their time and insight with the group during a lively question and answer session.”

Also commenting on the meeting is Karen Hurst, ABCUL Scottish Policy Officer, Karen said: “The meeting was a great opportunity for credit unions to come together and discuss the issues that affect them and their members.

“We’re really grateful to the Accountant in Bankruptcy for coming along to outline their plans to our members, and taking the time to respond to them. We welcome the AIB’s efforts to address many of these concerns, and look forward to see these plans in progress.”

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