An Ethical Community Bank in Honiton

credit-union.gi_.top_The Honiton Service Point is part of the Devon wide Plough and Share Credit Union which is regulated by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Devon’s own Plough & Share Credit Union is celebrating having a service point in Honiton for a year now. Completely staffed by dedicated local volunteers, the service point is open once a week on a Tuesday from 10am – 12 midday in Honiton Library on New Street.

Town Councillor Sharon Pavey has recently taken over managing the service point and says “I am passionate about being able to provide an ethical community bank facility here in Honiton and have been involved as a volunteer since we started over a year ago. In order to make it a success we really need everyone to support it. We need more people to open savings accounts and we need to spread the word that we can offer an alternative to payday loans, because we offer affordable borrowing options.”

Sharon is hoping the local churches and schools can help promote the Credit Union which only serves the people of Devon. A small steering group will be set up to oversee the service point. Sharon adds “We need a few people who believe in the importance of having a local ethical, affordable banking option. They would need to give a little time to oversee the project, help recruit volunteers and publicise the service point.”

A Credit Union is a democratic, financial co-operative owned and controlled by its own members. Full details about the credit union are available online on www.ploughandshare.co.uk or you can call Sharon on 07447 597390.

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