Northumberland gets talking about money
16 Nov 2018 ARCHIVED (over 3 months old) - view latest news
Northumberland Community Bank hosted a showcase event as part of the national initiative, Talk Money Week 2018.
The event, supported by Northumberland County Council, invited local people, key stakeholders, supporters and partners to County Hall, Morpeth to hear about how Northumberland Community Bank is working hard to improve the financial well-being of people within the county.
Talk Money Week celebrates the work thousands of organisations are doing to improve money management across the UK. The nationwide week is an annual event organised as part of the Financial Capability Strategy for the UK. It aims to get more people talking about money and to encourage organisations to showcase their services.
Speakers at the event included Guy Opperman MP, Mark I’Anson Chair of Northumberland Community Bank, and Abi Conway from Citizens Advice Northumberland.
Guy Opperman, Minister for Financial Inclusion, and MP for Hexham said: “As a co-founder, I am delighted to support the great work of the Northumberland Community Bank, both in my constituency, and across the county.
“Today’s event was a fantastic opportunity to showcase what a success story it has been. Since its foundation in 2015, the bank has grown exponentially in size, and now has an array of services on offer - from payroll for businesses to online banking and loans.”
The Community Bank has a clear mission to help those in need, deliver safe and stable community banking and reinvest any profits back into our local community. It’s a ‘not for profit’ enterprise, which means any surplus made by the bank will be ploughed back into Northumberland communities.
Lauren Langton, Chief Executive at Northumberland Community Bank said: “We all have an important part to play in helping improve people’s money management skills and financial wellbeing. At the Community Bank, we deal with people every week who feel trapped in a high interest loan or credit card.
“We want to prevent people getting into this situation and are here to provide lower interest loans and a safe home for savings.”
Councillor Nick Oliver, Cabinet Member for Corporate Services at Northumberland County Council said: “Talk Money Week is a fantastic initiative to get residents and organisations in Northumberland talking about money, and get the advice and support they need.
“Northumberland Community Bank is a great example of how we, as a council, are committed to supporting organisations that bring huge benefits to people living within the county. It’s a local bank for local people and offers a range vital services that I’d encourage everyone to find out more about.”
Northumberland Community Bank is based in Ashington and provides people living in the county with a face-to-face friendly alternative to high street banks or money lenders. The bank is based in Ashington and provides services to the whole county, working closely with a whole range of partners including Citizens Advice Northumberland and JobCentre Plus.
Abi Conway, Chief Executive from Citizens Advice Northumberland added: "We see people day in, day out that enter into inappropriate arrangements that they simply can't afford. So it's really important we work together to tackle and alleviate these hardship issues.
"We're delighted to be working in partnership with the Northumberland Community Bank to promote responsible lending to support everyone in the county.”
To find out more about the Northumberland Community Bank, visit www.northumberlandcommunitybank.co.uk
or call 01670 522 779.