CREDCER CREDIT UNION

That this House welcomes the continuing success of CredCer Credit Union in Ceredigion, which enables people to participate in a not-for-profit bank investing in the local community; notes that such local initiatives are especially beneficial to poorer members of the community given the low-interest borrowing and high-interest saving rates for children; acknowledges the important difference credit unions such as CredCer can make in local communities, especially given their ethical focus; encourages the continued work and expansion of CredCer Credit Union locally in Ceredigion; and calls on the Government to continue providing a safe environment for credit unions to operate in.