.

Announcement
from the Directors of NEFirst Credit Union.

The Directors of NE First Credit Union and Prince Bishops Community Bank are having discussions that they hope will lead to the two organisations merging. The Directors of both organisations believe that a merger will ensure sustainability and improve services for our members and will be a major step forward for the credit union movement in the north east.


.

Services

Good Reasons to borrow from NE First Credit Union




Loans

Providing loans to Members is one of the main functions of NE First Credit Union. We encourage you to manage your money carefully by structuring loans around your needs and your ability to repay. There are no hidden charges or fees.

 




Savings

Regular savings is a good idea and is recommended by NE First Credit Union. You might like to save for holidays, Christmas, Education or simply to put something by for that ‘Rainy Day’. There is an annual dividend on savings.

 




Insurance

NE First Credit Union also offers free life insurance on savings and loans.There is no need to worry about what happens to an outstanding debt in the event of your death as all credit union members have free life cover on their loans as well as their savings.

 

NEFirst launches sponsorship of Bishop Auckland FC

NEFirst Credit Union officially launched their sponsorship of Bishop Auckland Football Club on Saturday (August 12).

The Credit Union invited figures from around the region to attend the launch, which took place at Bishop Auckland’s first home game of the season.

The Bishop of Durham Paul Butler was among those who attended the event to show his support for the sponsorship.

NEFirst Credit Union, who will be the club’s main sponsor for the 2017/18 season, provide access to straightforward, secure savings accounts and affordable loans and provide an alternative to the higher-cost lenders that feature on the shirts of several professional clubs.

Peter Mackie, chair of NEFirst, said: “We are delighted to be sponsoring Bishop Auckland Football Club and it was great to be able to launch the partnership publicly on Saturday.

“As a credit union, we are member focussed and community based and this agreement will allow us engage with more people in the area.

“We are committed to offering an alternative to high-cost or illegal lenders and hopefully through the awareness this deal raises, more people will be able to benefit from the products we offer.

“And with several professional clubs promoting high-cost lenders, it is great to have the opportunity to showcase the other, lower cost options people have available to them.”

One of the driving forces behind the deal was the opportunity for the two organisations that share the same core values to collaborate.

Both organisations are community focussed and this is something that has brought them together. NEFirst is a not for profit organisation owned and run by its members.

Bishop Auckland FC’s Commercial Director Dave Mills is very enthusiastic about the deal and said: “This partnership is the flagship and most prestigious sponsorship, advertising and marketing product at Bishop Auckland Football Club.

“It provides NEFirst Credit Union the opportunity to become the club’s major commercial partner and prominently stand side by side with the football club, in all aspects of its business, throughout the period of the agreement.

“The partnership is about developing strong relationships, enhancing the brand of each partner and engaging with the local community. This forward-thinking partnership is built between the two organisations, who each take pride in performance and innovation, with an unwavering culture of integrity and success. I’m sure this public launch will be very well received by everyone associated with the football club.”

NEFirst Credit Union covers the whole of the North East, including County Durham, Northumberland and all of the boroughs that make up Tyne and Wear (Newcastle, Gateshead, Sunderland, North Tyneside and South Tyneside). Anyone who lives or works in this area is eligible to join.

NEFirst has four offices at Gateshead, Durham, Birtley and North Shields. It also has 45 Local Service Points across the region where people can sign up to become members, deposit money into their accounts, apply for loans and take out money from their savings.

NEFirst is committed to stamping out loan sharks.

The England Illegal Money Lending Team (IMLT) – a national team that investigate and prosecute loan sharks – have awarded Bishop Auckland FC with £5,000 of proceeds of crime money to use towards a project that helps raise awareness of the dangers of loan sharks to local residents and football fans.

The team will share shirt sponsorship with the credit union, as they try to get fans to turn away from loan sharks and start saving and borrowing with the credit union instead. As well as shirt sponsorship, IMLT will have information in match programmes, announcements at games, and will work with the club on social media campaigns throughout the season.

This funding has come from proceeds of crime money; cash confiscated from convicted loan sharks, following successful prosecutions.

A loan shark is someone who lends money without the correct authorisation from the Financial Conduct Authority (FCA).

Tony Quigley, Head of the England Illegal Money Lending Team, said: “We are pleased to be working with Bishop Auckland FC to raise awareness of loan sharks to local residents and football fans.

“The football club have agreed to promote our stop loan sharks message and hotline number on their football kit and pitch banners.

“Loan sharks are criminals who prey on vulnerable individuals and exploit borrowers for personal financial gain. These lenders may appear to be offering a community service but borrowers are often forced to pay back far and above what they have borrowed and can afford.

“If you or someone you know has been the victim of a loan shark, please contact the team on 0300 555 2222 or visit the website www.stoploansharks.uk. We will accept information anonymously or in confidence.”

For more information about NEFirst visit www.nefirstcu.co.uk. For more information about Bishop Auckland FC visit www.bishopafc.com.

Read more... 0 comments