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Credit Unions

Volume 486: debated on Tuesday 20 January 2009

To ask the Chancellor of the Exchequer whether he plans to increase public access to credit unions through post offices as part of the new Saving Gateway. (248612)

The Saving Gateway Accounts Bill is currently going through Parliament. It proposes a cash saving scheme for working age people on lower incomes. Accounts will be offered by a range of financial institutions such as banks, building societies and credit unions. The Government also announced in the 2008 pre-Budget report that accounts will be available through the Post Office.