Decision details

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.