01 Jun 2018
A fast-growing Scottish financial institution is celebrating the most successful month in its 20-year history.
Figures just released reveal that during May, the Glasgow-based NHS Credit Union lent a record £1.2million to members – the largest total in any month since the organisation began in November 1998.
The May figure of £1,206,081.89 is more than £100,000 up on the previous record of £1,104,312.28 set in November 2017. It takes the total lending in the first eight months of the financial year to more than £7.1m. And since the credit union first opened its doors it has now issued around 73,000 loans to members totalling more than £83million.
Commenting on the latest figures, Chief Executive Officer Robert Kelly said he was “proud and delighted” with the record total.
He added: “It’s very satisfying to know that we have helped more than 1,100 members with their finances in a single month.
“Some of those loans will have helped make dreams come true for members, while others will have helped members avoid crippling interest charges from payday lenders.
“But no matter what the loan was used for, every penny that went out the door will have helped another member of our financial family.
“The record total is testament to the trust and value our members place in our services, but it’s also a reflection on the superb efforts of our entire staff team. I would like to pay tribute to their hard work, and thank them for placing our members at the centre of everything we do.”
The credit union began when a group of employees got together to form the Glasgow NHS Employees’ Credit Union in the former Southern General Hospital.
Since then it has expanded dramatically, and from its office in Dava Street in Govan, the 16 full-time staff now provide a wide range of financial services to around 17,500 NHS employees and their family members across the whole of Scotland and the North of England.