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Post Offices: Credit Unions

Volume 477: debated on Thursday 19 June 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what recent steps he has taken to encourage co-operation between post offices and credit unions. (209839)

[holding answer 9 June 2008]: This is a commercial and operational matter for Post Office Ltd. (POL) and the Association of British Credit Unions Ltd. (ABCUL) who, I understand, maintain a regular dialogue to explore the opportunities for working together. I also understand that ABCUL use the Co-operative Bank as a channel for credit union current accounts and that the bank’s contract with POL enables current account customers of credit unions using this Co-operative Bank service to pay in or withdraw cash and make balance inquiries at post offices.