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Why we're backing the Credit Union

A community bank that offers low interest loans has today (Monday December 1, 2014) launched a campaign to recruit 5,000 new members to loosen the grip of payday lenders on families in Wolverhampton and South Staffordshire.

Wolverhampton City Credit Union (WCCU) said its goal was to help more families free themselves from spiralling debt caused by aggressively marketed high interest loans and worse, loan sharks.

Owned and controlled by its members, the not-for-profit cooperative...

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