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Credit Unions V Payday Lenders

 

Credit unions are an obvious alternative to pay day lenders like Wonga and the mainstream banks.

Yet less than 5 per cent of Britons are credit union members.

This compares to 70 per cent of people in Ireland and 40 per cent in the US and Canada.

Blueprint Brief: 31 July 2013
Source: Alexander Sloan, Chartered Accountants, Glasgow