Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Cabinet will be asked to approve arrangements relating to the proposal for the Council to pursue a partnership with a new Credit Union in order to implement a local Community Banking service.
Cabinet resolved to:
(i) Agree to the procurement of a contract for a credit union to underpin a local Community Banking service, in accordance with the strategy set out in the report, with the aim of increasing access to more affordable credit, fairer financial services and supportive debt and money advice; and
(ii) Delegate authority to the Director of Community Solutions, in consultation with the Acting Chief Executive and the Director of Law and Governance, to award the contract for the new Credit Union.
Report author: Rhodri Rowlands
Publication date: 20/01/2021
Date of decision: 19/01/2021
Decided at meeting: 19/01/2021 - Cabinet
Effective from: 28/01/2021
Accompanying Documents: