Cemex Cheque presentation

Rugby Credit Union held its Annual General Meeting at Overslade Community Centre on the 15th March, where a difficult 2016-17 financial year was reported to members. A challenging financial climate had resulted in a reduced demand for loans as members felt unsure about their ability to repay, while there had been an unprecedented level of defaults leading to recovery action. However, Vice-Chairman Kevin Coyne reported that there was much cause for optimism for 2018, with an upturn in recent months. Rugby Credit Union had suffered as a result of reduced funding from Rugby Borough Council to support running costs, but this has recently been helped by a generous grant from Rugby Group Benevolent Fund who had recognised the valuable work carried out by the credit union in the community. Business development Director, Crispin Palmer explained plans to expand services into the local community, and the promotion of the on-line ‘Engage’ debit card. It was reported that the credit union is well supported by its staff and volunteers, and new appointments have strengthened the board, more volunteers to help in the community are welcome-please contact us for details.

Picture caption:  Ian Southcott of Rugby Group Benevolent Fund presents a cheque to Laurie Bird (Chairman-left) and Kevin Coyne (Vice Chairman-right).