Overcast

Overcast

max temp: 18°C

min temp: 13°C

Search

Ipswich: New credit union office opens to attract borrowers

PUBLISHED: 14:27 11 July 2014

Chris Mole, Mayor Bill Quinton and David Ellesmere at the opening of the new offices of the Eastern Savings and Loans credit union.

Chris Mole, Mayor Bill Quinton and David Ellesmere at the opening of the new offices of the Eastern Savings and Loans credit union.

A new weapon in the battle against payday lenders has officially opened in the heart of Ipswich.

The new office of the Eastern Savings and Loans credit union at the junction of Crown Street and Westgate Street was formally opened by mayor Bill Quinton.

The office has been converted from a former bakery with support from the borough council – and it aims to lend money to people at a much more reasonable rate than payday loans companies whose interest rates have come under fire over recent months.

The credit union has been trading from the unit for several weeks, and has already managed to encourage more customers through its doors.

Manager Chris Mole said: “Ever since we have been open here there have been a steady amount of new people that we haven’t seen before coming in to ask for our help.

“That is good news because we are often able to help and we charge a much lower rate of interest than the payday loans companies.”

As well as having a presence on one of the busiest streets in the town, next to one of its busiest bus stops, the new office is open much longer hours than the previous Austin Street headquarters – making it much more accessible.

The borough helped the credit union to make the move, and council leader David Ellesmere helped with the opening.

He said: “There is a real need for credit, but it is not right that those who struggle have to pay high rates of interest. This gives them a real alternative and I am delighted to see the credit union now has a presence in the town centre.”

A driver killed in a crash which also left his seven-year-old daughter seriously hurt has been named by police as they continue their appeal for witnesses.

An Ipswich computer repairer who downloaded child porn has walked free from court after a judge decided not to send him straight to prison.

A jealous Suffolk man who fired a BB gun at a car after finding text messages from the vehicle’s owner on his partner’s phone has been jailed for ten months.

A former geography teacher from Essex says that schoolchildren should be taught more about what to do if a natural disaster occurs after getting caught up in the earthquake which hit Kos last week.

Proposals for an accommodation complex housing 2,400 power station construction workers in Suffolk have been criticised in an independent report – with energy bosses urged to rethink the plans.

Just weeks after the Ipswich Park and Ride service was relaunched with a new service run by First Eastern Counties, part of its site at Copdock Mill has been put up for sale.

A Suffolk footballer who lost both his legs in a horrific hit and run crash has fulfilled his ambition of walking down the aisle on his wedding day.

A woman in her 70s suffered injuries after an “unkempt” man is reported to have shouted and pushed her to the ground in a Suffolk high street.

Children and parents came face-to-face with all manner of creepy crawlies at the Wildlife Family Fun Day at Holywells Park in Ipswich today.

An accident involving a motorbike and car on the A14 near the Orwell Bridge was resolved with little disruption and no major injuries.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24