Motion ref. S5M-13372
Congratulating 1st Alliance (Ayrshire) Credit Union on its 200,000th Loan
Submitted by: Ruth Maguire, Cunninghame South, Scottish National Party.
Date lodged: Tuesday, July 31, 2018
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
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.