CREDIT UNION SERVICES & FINANCIAL INCLUSION

INTERNATIONAL Active credit union sectors in 103 countries with almost 57,000 credit unions More than 208 million credit union members Assets of almost $1.7 trillion Loans of almost $1.1 trillion Deposits of almost $1.4 trillion

PENETRATION High penetration rates in many developed countries: 46% in USA 43% in Canada 75% in Ireland 30% in Australia 2% in Great Britain A long way to go!

UNITED KINGDOM Around 375 credit unions across England, Scotland and Wales employing more than 1,500 staff 1,122,461 people using the sector, including 126,217 junior depositors Total assets of £1.13 billion Total loans of £676 million Total deposits of £949 million Annual turnover of £91 million (year to 30 September 2013)

GROWTH In the year to December 2013, the sector grew: Membership by 9% Assets by 15% Loans by 7% Deposits by 17%

NATIONAL FOCUS National Feasibility Study Treasury investment through DWP Credit Union expansion Project Transformation

WHERE DO CREDIT UNIONS FIT IN? Offering access to easy savings accounts Affordable Credit Not-for-profit Motivation is member service, not shareholder profits or bonuses Financial services without the greed

WHAT CREDIT UNIONS ARE NOT The panacea for all financial problems The answer for those drowning in debt A competitor to payday lenders Lenders to those who have nothing The poor man’s bank

CREDIT UNION IN PRESTON Preston Council Identified working partner Service Level Agreement and growth plan in place Payroll Savings & Loans for Preston Council Staff launched Preston council to become 1 st corporate member Building of partnerships with other large employers Expansion into wider community.

WHO ARE WE? Blackpool Fylde & Wyre Credit Union Limited Launched in sign-ups £3 Million in savings Issued £5.8 Million Interest savings of £3.5 Million* * Based on average loan value compared with leading doorstep lender

WHAT WE DO? Easy access savings accounts Xmas savings accounts Loans from £200 to £15,000 Free life protection on savings and loans* Member of ABCUL Part of the Credit Union Expansion Project *age and value limits apply

MEMBER INTERACTION Back Office Operation Telephone, text, fax, , web site, mobile. Savings through Payroll, Direct Debit, Standing Order, Bank Transfer, Debit Card, Benefits or in cash at any post office or PayPoint store. Web site for balances, loan applications and for withdrawals or paying bills. Cash-free, electronic operations First public branch launching in Blackpool

THE FUTURE Improved access Developing quality products and services Increased automation Easy self-servicing Sustainability into the future Access for the many, not the few

CONTACT Mike Barry CEO Guild Money 13 Birley Street Blackpool Lancashire FY1 1EG Tel: Guild Money is a registered trading name of Blackpool Fylde & Wyre Credit Union Limited, Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority Firm Reference No: Co-operative No: 742c