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£10,000 donation for credit union

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Published by Max Salsbury for 24dash.com in Communities and also in Finance

10,000 donation for credit union 10,000 donation for credit union

A credit union has said that a £10,000 donation it has received from a global law firm will help it bring affordable loans to those in the shadow of the City of London’s financial centre.

Linklaters says that it made the donation to London Capital Credit Union (LCCU)to help spread the word about credit unions and affordable credit.

The donation is part of Linklaters’ commitment to making a positive impact on the neighbourhoods they operate in and providing business support to marginalised communities in areas around their offices.

Martin Groombridge, manager at LCCU, said: “As a community based financial organisation we are always keen to work with others to help bring our services to more people in need of debt advice and affordable credit.

“We will be using this donation to promote the credit union to many more people in the communities in which we operate, helping to bring affordable financial services to those who need them and keeping people out of the clutches of payday lenders and loan sharks.”

Matt Sparkes, global head of corporate responsibility at Linklaters, said: “As a Living Wage employer, we recognise the importance of ensuring all of our people can maintain a good quality of life.

"Our investment in LCCU strengthens this commitment by enabling them and others to borrow at fair rates and with a lender who is focused on their wellbeing. We would urge other businesses to also show that they want the best for local people and so invest in this important initiative.”

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