Lincolnshire Credit Union Blog

Community news and information

Local support groups given a huge boost

Date added - 09 Apr 2019

'Financial wellbeing groups will benefit from extra support thanks to more than £147,000 raised through Lincolnshire Co-op’s Community Champions scheme.

Several groups received a share of the total including Lincolnshire Credit Union (£13,598), local Citizens Advice branches (together receiving more than £93,000), Acts Trust Debt Advice based in Lincoln (£8,766), Age UK Lincoln and South Lincolnshire (£14,691) and more.

The six-figure sum will help bolster each groups’ work as they care for those who are financially disadvantaged.

The Community Champions scheme is one-way Lincolnshire Co-op’s gives back to the local community. Since it was launched in 2013, it’s helped hundreds of local charities and community groups each year raising amounts from £200 to over £200,000.

Lincolnshire Co-op’s Senior Community and Education Co-ordinator Ben James said: “‘The financial groups do an excellent job. It could be by tackling issues like debt and payday loans, encouraging safe borrowing or helping people access the money they’re entitled to – these groups help in all sorts of ways.

“Debt and financial worry can affect anyone, and we hope that with these funds even more people can get support with money worries.”

Acts Trust is a Lincoln-based charity founded by Alive Church and has a goal to eliminate poverty in the city.

Chief Executive of Acts Trust Simon Hoare said: “The money that has been raised by Lincolnshire Co-op has enabled us to provide one-to-one debt advice in Lincoln, free to the service user and in their own home.

"This is such an important service as many people find themselves burdened by unmanageable debt, unable to see a way out. We can offer them hope and a solution.

“Thank you to Lincolnshire Co-op and their customers for working hard to ensure this great service will be made available to those most in need in the city.”

Lincolnshire Credit Union is a local community focused savings and loans provider. They recently extended its business area and the money raised will help them to reach more people.

Chief Executive Officer at Lincolnshire Credit Union Sarah Moseley said: “We are thrilled to have received this funding from Lincolnshire Co-op as one of its Community Champions.

“We’ve recently expanded our geographical area and now cover the whole of Greater Lincolnshire. The funds will help us invest in digital enhancements to improve accessibility for our current members and make it easier for new members to join.

“These enhancements will save time, so our staff can provide more much needed responsible lending and financial support for some of the most vulnerable people across the county.”

More than 167,000 members raised the total by shopping in Lincolnshire Co-op stores throughout winter. A donation was made each time a member shopped using their dividend card.'

To read more, follow the link to the Lincolnshire Coop's original press release: https://www.lincolnshire.coop/news-and-blogs/local-support-groups-given-huge-boost