Credit Unions (Payroll Saving)

Part of the debate – in the Scottish Parliament on 27th March 2019.

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Photo of Linda Fabiani Linda Fabiani Scottish National Party

Can I ask the cabinet secretary also to consider further—and perhaps discuss with the United Kingdom Government and regulatory authorities—how credit unions can be supported to expand their operations, perhaps in relation to enabling home ownership for savers and housing provision in their area of operation?

Credit unions such as East Kilbride Credit Union have ambitions to further help their communities, but their ability to do so is constrained by the rules framework under which they work. I understand that in Ireland, for example, derogations allow credit unions to be more involved in their local communities.