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Credit unions are here to stay despite cuts, says boss

Research commissioned by the Welsh government accuses ministers of sending "mixed messages" to Wales' 22 credit unions.

It says there have been unrealistic expectations placed upon them by ministers.

It warned many of the not-for-profit unions which offer savings and lending services could close or reduce in size this year as funding is cut.

But Steve Mallinson, general manager of the Neath Port Talbot Credit Union, told Bethan Rhys Roberts of BBC Radio Wales that they are here to stay although some services may have to be cut back.

  • 14 Mar 2013