Jane

New Lock Down

Sadly we have to close the collection points to members until lock down is over. You will still be able to contact us by email admin@svcu.org.uk or by phone on 01453 298785 Monday to Wednesday or Friday between 11am and 1pm.

Existing members with 3 months savings will still be able to apply for loans using our online form. Please submit your application by 5pm on Thursday for consideration the following week.

UPDATE 28th March 2020

Update: 28th March 2020 Sorry we are unable to open today as our volunteer is self isolating. COVID 19 means we need to change how we work to keep our members, staff and volunteers safe. We have decided that the Stroud Office will not be open and occupied until the current situation improves. We will start homeworking over the coming days. Please use the normal phone number or email address and it will be redirected. Please also delay posting anything to us until the office is re-occupied and particularly please don’t put cash or cheques in an envelope through the door as they will sit there until we re-open. If you are in doubt, please phone us. We thank you for your patience. Email – Admin@svcu.org.uk Phone – Monday, Tuesday, Wednesday and Friday between 11am and 1pm on 01453 298785 Website – the information you need may be on our website. https://svcu.org.uk/ We will be working hard to keep this up to date. Organisations everywhere have been updating their information and here is some you may find useful. The Gloucestershire Community help hub is a useful starting point if you want, or can offer help. https://www.gloucestershire.gov.uk/gloucestershires-community-help-hub/ The Government’s Money and Pensions advice service have published information that could help a lot of members who might experience financial difficulties in the next few months. https://www.moneyadviceservice.org.uk/en/articles/coronavirus-and-your-money https://www.moneyadviceservice.org.uk/en/articles/coronavirus-what-it-means-for-you

Every £600 loan we issue keeps £500 in our local Stroud economy

That’s a bold claim, but £500 is a typical interest charged on some instant decision small loans advertised on the TV and Internet. This means you might borrow £600 but end up repaying £1,100!

The second Stroud Totally Locally Fiver Fest has just ended. This said that if every adult in Stroud spent just £5 a week in our independent shops and businesses it would be worth an extra £4.5m a year going into our local economy.

Many of us go to the Internet because we think its cheaper. Well, that same £600 borrowed from Stroud Valleys Credit Union would cost you £123 in interest as a “Starter Loan” or £47 in interest as a “Savers Loan” Sometimes, local is also less expensive.

So next time before you search the internet for a small loan or spend a large sum on your on your credit card, click on svcu.org.uk. It could save you money and it will benefit Stroud.