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Newarthill Credit Union

 

Newarthill credit union was formally established in 1977, being a collection point for Mossend credit union prior to that date. In the early years it was operated from officer's homes and latterly from local community centres, and was open for no more than 6 hours a week. The credit union grew continually throughout the subsequent years with no direct advertising, with the best method being word of mouth. In 1997 it invested in its own High Street premises, which was seen as a great achievement by the local community and was well publicised by the local press. The credit union has one paid staff member and 30 dedicated volunteers. It is open Monday to Friday at the main office and at a number of satellite points on Tuesday and Thursday evenings, which reflects the tight community driven nature of the common bond, and is open for a total of 44 hours weekly. Currently, Newarthill has 4,800 adult members and 1,100 junior members; its share value has broken through £2,000,000, and estimates reaching £3,000,000 within the next 2-3 years.

 

Contact: Ann Hattie/Richard Hart 01698 862770


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Company Registration No. 278156. Scottish Charity No. SC 029210