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Chamber and committees

Congratulating 1st Alliance (Ayrshire) Credit Union on its 200,000th Loan

  • Submitted by: Ruth Maguire, Cunninghame South, Scottish National Party.
  • Date lodged: Tuesday, 31 July 2018
  • Motion reference: S5M-13372

That the Parliament congratulates the 1st Alliance (Ayrshire) Credit Union on issuing its 200,000th loan in June 2018; understands that the credit union has now issued £15.5 million in loans since it was founded in April 2004, following the merger of Stevenson Credit Union and Kilwinning Credit Union; notes that 1st Alliance serves the whole of Ayrshire, with anyone living or working in the county able to become a member; appreciates that it is a not–for-profit financial co-operative owned and controlled by its members, is managed and staffed by local people and has a strong voluntary element; recognises that 1st Alliance has seen a huge growth in the last financial year, with an increase in loans of 34%, a growth of shares in membership of 16% and a membership growth of 8%, as it continues to grow as a fair and ethical alternative to high-cost lenders in Ayrshire, and wishes all at 1st Alliance the very best for the future.

Supported by: Alasdair Allan, Tom Arthur, Kenneth Gibson, Jenny Gilruth, Bill Kidd, Richard Lyle, Fulton MacGregor, Rona Mackay, Gillian Martin, Joan McAlpine, Stewart Stevenson, Sandra White