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West Country Savings and Loans celebrates new Credit Union Sustainability Partnership

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28 Sep 18

This week, West Country Savings and Loans celebrated the launch of its Credit Union Sustainability Partnership (CUSP).

Earlier in the year, West Country Savings and Loans won a competitive selection exercise which awarded them a partnership with nine Housing Associations across the South West, in a new scheme, ‘CUSP’.

CUSP will provide West County Savings and Loans services to tenants and staff of 9 South-West housing associations covering 70,000 properties, 3,000 staff and 130,000 tenants.

The innovative partnership was launched at a special event in Exeter, which celebrated the new partnership’s aim to  bring credit union services to customers, communities and staff to tackle the issue of high-cost credit.

The event was attended by key local stakeholders, providing them with an opportunity to learn more about the partnership and the positive benefit it can bring to local households, businesses and communities.

Speaking on behalf of CUSP, Chief Executive of North Devon Homes, Martin Gimber said: “We are delighted to have selected West Country Savings and Loans as our trusted delivery partner across the South West. This is an important partnership that will enable customers to access low-cost affordable finance, and provide savings accounts to help with budgeting and managing finances.

“This is a unique project developed by 9 of the largest housing associations in the South West that will really help to tackle the high cost of credit being faced by many households. The choice, service and affordable products offered are very competitive and all interest is reinvested for the benefit of its customers. This ethical not for profit model will really help communities and households across the South West.

Jackie Simpson, General Manager of West Country Savings and Loans said: ”we are delighted to be working with the 9 south-west based housing providers. It’s such an exciting opportunity to bring credit union services to over 130,000 residents and staff in Somerset, Devon, Cornwall and Dorset.”

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