I was really pleased to hear this week that the Financial Services Authority have at last approved our application for a Kent-wide Credit Union.This means that Kent Savers can now begin offering savings and loans to Kent residents.
Excellent news. I’m told that the FSA even commended us on the quality of our application and business plan.
But how many people could have benefitted had they just approved the bid a few weeks ago in the usual post-Christmas slump? How many people have had to resort to loan sharks?