FAIRshare Credit Union receives investment of £30,000
01 Jun 18
This week Stirchley & Brookside Parish Council invested £30,000 into FAIRshare Credit Union, which has coincided with the council’s 30th anniversary.
The £30,000 ethical investment into their local credit union is to benefit more local residents in the community. The investment will allow FAIRshare to expand its operations in the area, introducing a new information point, partnering local schools to introduce School Saver Clubs run by pupils and offering payroll saving partnerships with local employers.
Councillor Jackie Loveridge, Chair of Stirchley & Brookside Parish Council said: “FAIRshare Credit Union does an excellent job in helping local people build up savings, avoid falling into the trap of high-interest loans and manage their finances, so they have more money to spend in the local economy or to save for the future.
“By investing in FAIRshare, Parish Council reserves that would usually be earning minimal interest will now be invested ethically for the benefit of local people and our community.
“Helping FAIRshare do more for local people seems a great way to celebrate our first 30 years.”
John Harrower, General Manager of FAIRshare Credit Union said: “We’re delighted that the Stirchley & Brookside Parish Council has decided to invest in FAIRshare and congratulate them on their 30th birthday. Investment in FAIRshare keeps money in the local area and helps us help other local people.
“We currently have more than 350 FAIRshare members in the parish, more than a third of whom have a loan with FAIRshare. By working in partnership with the parish council and the local community we hope to bring our services to many more local residents".