Runnymede council cash extends Surrey credit union

A credit union which opened this year in Surrey has been given a cash boost to extend its operations in Runnymede.

Runnymede council has pledged £15,000 a year for three years to help SurreySave develop in the borough.

The community bank has seen membership across Surrey top 470 and given out £160,000 in loans in its first year.

Runnymede councillor Gail Kingerley said the credit union was helping the council's 3,000 tenants by giving them more affordable credit options.

The credit union, which is co-operative owned, offers financial services to anyone living or working in Surrey or the London borough of Kingston.

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