The Church of England launched its own credit union this week, with two objectives in mind: to create a trustworthy place for Britons to bank and to help lift people out of poverty.
The foundation of the Churches’ Mutual Credit Union is part of the Archbishop of Canterbury’s drive to promote access to responsible credit and savings.
“It could transform the way retail finance is done in this country,” Archbishop [Justin] Welby said, adding that it will put an ethical basis back into the industry and help forge community links back into the sector.
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