EDINBURGH, Scotland—Capital Credit Union has been recognized by a motion in the Scottish Parliament commending it for a partnership with City of Edinburgh Methodist Church to facilitate the provision of credit union financial services to staff, members and the wider community in Edinburgh, Lothians and Borders.
The motion in Parliament read, “That the Parliament congratulates the City of Edinburgh Methodist Church and the Capital Credit Union on their new joint credit union scheme, which aims to offer affordable loans and mortgages as an alternative to payday borrowing; welcomes the commitment by the church staff and trained volunteers to offer weekly workshops that aim to provide access to credit union services to churchgoers and across the wider community, and further welcomes the plans by the Methodist Church in Scotland to work with the Church of Scotland and the Church of England to launch the Churches’ Mutual Credit Union on 1 October 2014.”
The church has taken a stand against payday lenders by offering fair and affordable savings, mortgages and loans, to their church members and the wider community in the city.
Capital CU is led by CEO Marlene Shiels, who is known to many in the United States for her work in credit unions.