Press release
01 August 2017
Two Rivers to give £30 savings to tenants
Gloucestershire Credit Union (GCU) are delighted that Two Rivers Housing (TRH)
are going to give £30 of shares plus pay the joining fee to tenants who start to pay
their account by Direct Debit.
Two Rivers Housing are offering an incentive to all tenants who start paying their
charges by Direct Debit. After they have paid this way for 12 months; Two Rivers
Housing will then place £30 in a Gloucestershire Credit Union account to kick start
their savings, subject to their TRH account being up to date.
Karen Beard, Income Collection Co-Coordinator at Two Rivers Housing says
" We want to reward our tenants for paying by Direct Debit. By placing £30 with GCU
we can encourage people to start saving for a rainy day. We think its important that
our residents have access to affordable loans as an alternative to doorstep lenders,
or loans at overpriced interest rates. Of course people can draw out this money, but
we feel it is necessary to highlight the importance of having savings and receiving
sound financial advice."
If Two Rivers Housing tenants wish to pay by Direct Debit they can download a form
from their website, or call Two Rivers Housing Customer Services on 0800 316 0897
or 0300 100 0896
ENDS
Contact:
Gloucestershire Credit Union
107 Barton Street
Gloucester
GL1 4HR
Tel:
Web:
01452 422712
www.gloscreditunion.org.uk
Press release
NOTES TO EDITORS
Gloucestershire Credit Union is a profit sharing, democratically run financial cooperative which offers convenient savings and low interest loans to its members. The
members own and manage their credit union themselves.
The three main aims of a Credit Union are:
 To encourage its members to save regularly.

To provide loans to members at very low rates of interest.

To provide members with help and support on managing their financial
affairs (if required).

The members make regular savings, as little or as much as they wish.

These savings then form a common pool of money from which loans are
made to members.

When members have been saving for a certain period of time (usually about
12 weeks) they can apply for a loan from the pool.

Interest on the loan is usually charged at only 1% per month on the monthly
reducing balance – this equates to 12.68% Annual Percentage Rate (APR).

The amount you will be able to borrow will depend on how much you need,
what you can afford to repay, and the credit union’s policies.