Credit union going strong on first birthday

Pete Carlilse and Phoebe Chamberlain from the Haverhill branch of the Eastern Savings and Loans Credit Union ANL-150501-130152005
Pete Carlilse and Phoebe Chamberlain from the Haverhill branch of the Eastern Savings and Loans Credit Union ANL-150501-130152005

After a year of helping people in Haverhill with debt and money problems, the town’s credit union is celebrating its first anniversary.

The credit union, officially called the Eastern Savings and Loans Haverhill Credit Union, is based in the High Street offices of Havebury Housing Partnership.

It has the aim of providing saving options, as well as affordable small scale loans, to help people manage their finances without resorting to using high interest loans.

The union celebrated its first anniversary yesterday with a gathering at its High Street office with guests and cake.

“We had a little gathering together,” said Henry Wilson. “Some of the people who helped get it up and running in the first place were there.

“In it’s first year, I think it’s been very successful. We now want to build on that.”

Alan Boreham works for the credit union.

He said: “It’s very helpful for people to have savings, no matter how small, for that rainy day.

“When things get rough, life gets tough and people do silly things like borrowing from companies like Wonga.

“We’ve had a good first year and have raised the profile of the union. Membership has increased, as has the amount of savings.”

Following on from the good work done initially, the credit union is looking to appoint someone as a manager in Haverhill to help move the venture along.

“We are currently without a person in post,” said Mr Wilson. “The ideal candidate would have an interest in helping families and helping people.

“The best candidate would have a heart and passion for the future of the project and a passion for the town.”

The credit union is always on the look out for new volunteers and anyone who can help out is asked to contact them on 01473 690690.