13 July 2022
By Tom Collins
Previous loan cap removed as Blackpool Credit Union look forward to assisting individuals and community with essential financial services
Blackpool Credit Union will host the official opening of their new premises at 59- 63 Dublin Street in Blackpool this Saturday, July 16th from 10am – 1pm.
The new premises, which is adjacent to the shopping centre and the Grotto, was formerly occupied by Ulster Bank and represents a much-needed larger space for the organisation.
In addition to celebrating the opening of their new offices, Blackpool Credit Union are also celebrating the removal of loan caps – which previously only allowed them to offer up to €25,000 over shares in loans to our members.
These loan caps, implemented during the recession in 2010 have now been removed and people from communities in Blackpool, The Glen, Dublin Hill, Ballyvolane, Rathpeacon, Carrignavar, Commons Road/Parklands, Leitrim Street, Whites Cross, Kilcully, and Whitechurch can now avail of loans of up to €100,000.
Blackpool Credit Union has been a long-standing supporter of the local community, sponsoring and donating to many community groups and clubs within the area since their inception in 1963.
Speaking in relation to the new premises and the extension of loan funds available, Chairman of Blackpool Credit Union Seán Coleman said:
“We are delighted to officially open our new larger, brighter, and more accessible premises at 59-63 Dublin Street. It is already proving very popular with our existing customers, and we are hopeful that it will continue to attract many new members who are seeking to enjoy the membership benefits of a local friendly financial institution.
“We have been limited for a number of years in terms of the finance that we could offer our members, so we are excited to have had these loan caps removed and be in a position to offer people up to €100,000 if required, and our professional and friendly staff are on hand to support members with their loan applications.
“We continued to offer support and assistance to our members with their borrowing requirements throughout the pandemic, and with the increase of new house builds in the area and plans in place to build several thousand more homes in the coming years, Blackpool Credit Union looks forward to continuing to provide a strong local financial service within the long-held ethos of the Credit Union movement,” Mr Coleman concluded.