Autumn Newsletter 2021

Welcome to the latest newsletter from Fusion Credit Union, your community savings and loans bank.

In this edition we:

  • remind you why we are a responsible lender
  • tell you about our junior savings accounts
  • promote payroll saving for members and employers
  • give an update on local foodbanks

Responsible lending

You may have read about, or been a customer of, payday lenders as Wonga and Quickquid who have recently closed their operations, or Provident Financial who has suspended its door to door lending. All these companies face large claims from customers following investigation by the Financial Conduct Authority who found these companies did not fully assess affordability in repaying the loans.

Here at Fusion, we care about these things and we will not make a loan to a member unless we are confident that they can repay.  This protects you, our members, and ensures we are following the rules as we should.

Interestingly, Provident have directed their existing customers to local Credit Unions for further business.  A very sensible move!

Remember that the offering of loans by an unregulated person or organisation (loan sharks) is an illegal activity. Before accepting a loan check that person is regulated by the Financial Conduct Authority and the Prudential Regulating Authority by visiting their website, ask the amount of interest payable and penalties for non-payment.

Another recent area of concern is the rise of the “Buy now, Pay later” companies such as Klarna and Laybuy who offer deferred payment at the checkout, both physical and online. According to Citizens Advice, 1 in 10 shoppers using these facilities are pursued by debt collectors.

See for Jordan’s experience.

If you choose to use one of these schemes, please ensure that you can afford to repay.

Junior Savings Accounts

If you are fortunate enough to have some spare cash but no idea what to buy your favourite grandchild, nephew, or niece, why not consider opening a Junior Savings Account with Fusion and encourage the savings habit at an early age? Details of how to open an account are here:

Payroll Saving

Does your employer offer a payroll deduction scheme to allow you save direct from your salary? Even a small amount each month soon builds up.

Fusion Credit Union can partner with local employers to offer this facility with an amount that you decide being paid monthly into your Fusion Savings account. Details on

Alternatively you can set up a Standing Order with your Bank making payments direct into your savings account.  


Lichfield foodbank ( now distributes food from Curborough Community Centre in addition to the current distribution centres at LifeChurch and Wade Street Church in Lichfield city centre.

In the year to March 2021, Lichfield foodbank provided food for nearly 4750 individuals in Lichfield and the surrounding area – that’s an average of over 90 people every week who could not afford to feed themselves – just under half of them were children.

The new distribution session at Curborough Community Centre will enable volunteers to signpost foodbank service users seamlessly to other support and advice groups already based at Curborough.

Cannock Foodbank –

Tamworth Foodbank –

Get in touch!

We are here to help and are always happy to answer questions and discuss how we can support you or your family. You can contact us to discuss your membership and our products either at our office, via phone, e mail of Facebook. Office hours are 9.30 to 12.30 Monday to Friday.

Curborough Community Centre, Reynolds Close
Lichfield WS13 7NY
Telephone number: 01543 415032
Visit us at:

Fusion Credit Union Ltd is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales No. IP00717C.

Registered Office: Curborough Community Centre, Reynolds Close,
Lichfield, WS13 7NY.

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