Classic car parade as Credit Union opens

Three classic cars ready to go on the road to relaunch the Norwich Credit Union service at Pilling P

Three classic cars ready to go on the road to relaunch the Norwich Credit Union service at Pilling Park Community Centre. From left, members of the Credit Union and the cars, Alan Kirkham and the 1946 Armstrong Siddeley; James Packham, Jon Warne (Union president), and Julia La Ronde, with the 1979 mini; and Danny Thomas with the 1976 MGB. Picture: DENISE BRADLEY - Credit: Copyright: Archant 2016

A newly re-opened Credit Union point is aiming to help people who are feeling the pinch after an expensive Christmas and New Year.

The Pilling Park Community Centre where the relaunched Norwich Credit Union service is based every W

The Pilling Park Community Centre where the relaunched Norwich Credit Union service is based every Wednesday. Picture: DENISE BRADLEY - Credit: Copyright: Archant 2016

The not-for-profit organisation provides loans for its members at low interest rates and offers a cheaper alternative to many payday lenders.

And on Saturday it re-opened a service point at Pilling Park Community Centre in Thorpe Hamlet – more than a year after it closed.

Norwich Credit Union president Jon Warnes said: 'I think it is a vital service to a lot of people because they can spread their debt and there are no early repayment charges.

'It is one of the best kept financial secrets that does not get talked about.'

Credit Union volunteers drove a selection of classic cars around the community centre on Saturday to raise the profile of the new service point.

It had been forced to close during summer 2014 after the centre requested that the union paid for its once-a-week slot.

Most Read

But after some negotiation, it is now back up and running and aims to help support people living in the east of the city.

Mr Warnes said that people wanting to join the union must save money for 13 weeks and can then borrow twice the amount they have stored away.

The union charges 19.6pc on a loan.

Membership costs £1 and is open to anyone living or working in a Norwich postcode area.

Volunteer Alan Kirkham, 67, of Hellesdon, said: 'I think it is the most important financial service for people who are struggling for money.

'It is a humane organisation and they help you and encourage you to save money.'

The new service, at Pilling Park, is open every Wednesday from 5.30pm to 6.30pm.