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Credit Unions

Volume 448: debated on Tuesday 4 July 2006

To ask the Secretary of State for Transport if his Department will provide information and membership forms for credit unions to its employees. (79936)

The Government welcome the contribution made by the various savings institutions in providing for greater choice and diversity in the financial services sector.

The Government’s guiding principles are to ensure impartiality and to help create a level playing field for all providers of financial services in order that their specific attributes can be properly harnessed.

It would therefore be inconsistent for a Government Department to favour credit unions above other financial institutions. Employees are of course free to join credit unions if they meet the relevant membership criteria and Departments may provide appropriate levels of support if employees wish to set up a credit union.