Plane Saver Credit Union wins UK Ethical Services Provider of the Year Award
26 Oct 18
Plane Saver Credit Union has been awarded the UK’s Ethical Services Provider of the Year at the third annual Money Age Awards.
Receiving the award on International Credit Union Day 2018 Chief Executive of Plane Saver, Valerie Walwyn said “we are delighted to be recognised the efforts that we make day-in and day-out to respond to our members’ needs”.
The win comes during a special year for Plane Saver which is also celebrating its 25th anniversary this year.
In the last couple of months Plane Saver has offered military personnel with Wonga loans a ‘Payday Payoff’ loan facility, following the collapse of payday lender Wonga. Also in June, Plane Saver broke its records by lending £1.09 million to its members in a single month.
Valerie continued to express her thanks to staff past and present who built Plane Saver to one of the country’s leading credit unions. Valerie says: “Twenty-five years ago, a group of airline engineers set up this credit union as a not-for-profit financial co-operative to help their colleague’s access flexible savings and affordable loans.
“We’ve continued to build on this foundation and now provide a great range of ethical products for our membership base which currently stands at over 12,5000 employees from the airline industry and the armed forces.
"Our mission is simple, and we aim to provide our member's products that make a difference, such as our recently launched ‘Payday Payoff Product' which helps members transfer high interest bearing payday loans to one of our lower interest loans. This award recognises the efforts that we make day-in and day-out to respond to our members' needs and I'd like to say a big thank you to the Plane Saver team for all their hard work in getting us here".
Also nominated in at the Money Age Awards was Just Credit Union (JCU), which has doubled its membership in the last five years. The Shropshire based credit union also broke records - by announcing its biggest-ever annual growth in savings of 15 percent. Chief Officer of JCU, Karen Farrow says: “The year of record growth reflects the hard work of the JCU team and the valuable support of our members as well as many as our many community partners. Our continuing growth shows we are meeting the needs of the people who live or work in Shropshire and Telford”.