Welcome to this occasional Newsletter from Fusion Credit Union Ltd, your Community Savings and Loans Bank.
In this edition we will explore money saving ideas, where to go in event of Financial hardship but initially we are highlighting the recent move from the Jigsaw Office to one within Curborough Community Centre.
On 1 April 2022 we opened the new office having completed the move with no disruption to customer service, IT or telecoms. We would like to thank all those involved for their efforts. Of the new offices:
Janet Bamber, Chair of Fusion Credit Union said:.
“The Directors are delighted to have secured Curborough Community Centre as our new base. Customers will still be able to drop in as now and enjoy the full range of services we currently offer, including savings for adults and children as well as small affordable loans.”
James Flintham, Manager of Curborough Community Centre said:
“We are pleased to be welcoming the local credit union to Curborough Community Centre. We are located at the heart of the north Lichfield community and already host a wide range of community events and rooms for local groups. Having Fusion Credit Union in our centre means we can offer even more to local residents in one place.”
If you are in the area, please drop in for a chat. For those not resident in north Lichfield, we can still be contacted by telephone or e mail and we still have local representation in Hednesford Library on Wednesday mornings.
Money Saving ideas
Without getting into politics, the UK is suffering from a cost of living crisis. Below are some money saving ideas which may assist. Note these suggestions do not constitute Financial advice.
- Blue Light Card. If you are an NHS or Emergency Services employee, you can apply for a Blue Light Card which entitles you to discounts at various retailers. Apply at www.bluelightcard.co.uk
- Over 60’s Discount at Iceland and Food Warehouse on a Tuesday. Other Supermarkets offer occasional discounts, keep a watchful eye on the press.
- Check your Direct Debits. Are you paying for insurances or maintenance contracts on phones and other items no longer owned? Do you need all those TV streaming services- Netflix, Disney +, Prime, Apple TV etc ? There is plenty of good content on free streaming services such as BBC iplayer, ITV Hub etc.
- Do need those subscription fitness apps now lockdowns have thankfully finished ?
- Check your income tax code to ensure that you are not paying too much. Claim all allowances. See https://www.gov.uk/income-tax-rates
- Sign up for loyalty cards (if free) and check if you have any unused points or cash on existing ones.
- Investigate the various resale sites on Facebook and the internet.
- Haggle over renewing mobile phone, broadband, insurance contracts. Existing providers may reduce fees if they believe that you will change providers.
- Try saving regular small amounts as a buffer for those unexpected bills.
Not everybody is fortunate enough to be able to cover all their household expenses. Below are some websites where assistance can be found.
- Citizens advice. Their website includes advice on how to claim grants from the government and also lists schemes offered by various energy companies to assist with bills, including the British Gas Energy Trust which is also open to non British Gas Customers.
- www.citizensadvice.org.uk Citizens advice are also contactable on 0344 411 1444
- www.which.co.uk also has details of assistance available for energy bills.
- Assistance for Energy Grants from local council. See their local websites for details
- Lichfield – www.lichfielddc.gov.uk tel 01543 308900
- Cannock Chase – www.cannockchasedc.gov.uk tel 01543 462621
- Tamworth Borough – www.tamworth.gov.uk tel 01827 709709
- StepChange – the Debt Charity have online advice and a helpline for those struggling with debt. https://www.stepchange.org tel 0800 138 1111
- Foodbanks. The locations and how to access Foodbanks can be found on their websites:
- C.H.A.S.E Lighthouse which can be found on Facebook.
For those of fortunate to have a little surplus cash, each Foodbank would welcome donations of tinned and packaged goods or cash through their Just Giving Pages. Details on the various websites above.
- Fusion Credit Union Facebook page. We regularly repost any articles or news items about grants available and money saving tips.
- Most importantly of all, if you require a loan to tide you over changing employment, buying school uniform or other unexpected expenses, only borrow from a regulated source such as a high street bank or building society or Credit Union. Unregulated sources such as Loan Sharks, require eye watering rates of interest and offer the threat of violence in event non or late payment. Report Loan Sharks on https://www.gov.uk/report-loan-shark and www.stoploansharks.co.uk
- If you are having problems paying back a loan from Fusion, do not hesitate to contact us, so that we can investigate a solution acceptable to all.
To finish, Fusion Credit Union Ltd was established to assist the local community, now across South Staffordshire, by providing savings products and affordable loans. Run entirely by volunteers and fully regulated by the Financial Conduct Authority and Prudential Regulating Authority we pride ourselves on friendly yet professional service and always welcome new members who live or work within South Staffordshire.
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. Telephone number: 01543 415032
Visit us at: www.fusioncreditunion.co.uk