People who live in and near Crediton and need short-term credit will have a real alternative to expensive loans from door-step and internet lenders from 15 September, when Plough and Share Credit Union's access point opens, run by Sustainable Crediton volunteers.

A £500 loan at Plough & Share's highest interest rate is almost £7 a week cheaper over 12 months than a popular alternative, with no early settlement or lump sum charges (figures taken from providentpersonalcredit.com 18th June 2012).

The Credit Union is a Devon-based not-for-profit organisation owned by its members, whose interests come first. Regulated by the Financial Services Authority, so savings are safe and loans are responsibly made, it allows people to keep their money in the County.

Plough and Share Credit Union will be open from 10.30 a.m. to 12.00 p.m. every Saturday morning from 15 September in the Fire Station Community Room in Charlotte Street.

Come and support us! Even better, come and help us run the access point, and join the Credit Union.