Sign in
☰
People MPsHouse of LordsGovernmentOppositionPartiesCommittees Votes Commons votesLords votesVotes by issueTopicsStats & rankingsParliament in numbers Legislation BillsEarly day motionsPetitions Elections Election resultsConstituenciesWho is my MP? Scotland OverviewMSPsScottish GovernmentVotesBillsMotionsCommitteesConstituencies & regionsElections Search Sign in

Motion · S6M-18087 · 23 Jun 2025

The Importance of Credit Unions

Lodged by Stephen Kerr (Scottish Conservative and Unionist Party) Members' Business Motion 23 supporters

The motion

That the Parliament recognises what it sees as the vital role that credit unions play in promoting financial stability and resilience of local communities, including in the Central Scotland region; acknowledges their contribution to providing affordable, locally-based financial services, including savings accounts and low-cost loans, which, it believes, protect individuals and families from predatory lending and unsustainable debt; considers that credit unions, as member-owned organisations, reinvest profits back into local communities, which bolsters local economic growth; celebrates the growth of credit union membership in Scotland with, it understands, over 420,000 members and over 100 credit unions; commends the work done by members present and past for their work to promote credit unions; notes the calls for MSPs and all public bodies to engage with the sector, and further notes the calls for continued support to ensure that credit unions thrive as a key pillar of Scotland's financial landscape and continue to deliver tangible benefits to individuals and communities.

Supporters (23)

Source: the Scottish Parliament motions and amendments record.