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Giving Credit to Wilton

by Michael Ford last modified 18 Sep, 2014 02:07 PM

The Mayor of Wilton has opened a new branch of the South Wiltshire Credit Union (SWCU) near the picturesque Italianate Church.

Giving Credit to Wilton

Cllr Matthews cutting the ribbon with Revd Mark Wood and Michael Ricketts.

Since the Bishop of Salisbury, Nicholas Holtam, visited their office in Bemerton Heath, SWCU has worked closely with the Church to bring ethical banking services to the communities around Salisbury.

Click here for the Bishop’s visit to Bemerton

Now, with the enthusiastic support of the Rector, the Revd Mark Wood, SWCU has opened a community branch in Wilton.

Revd Wood commented, “We are delighted to be able to work with SWCU to bring a real Community Bank to our town, and hope those who come in to Wilton for the Thursday market will also make use of their services.

“For borrowers, the credit union offers a safe alternative to the high interest lenders that make so many people’s lives a misery. For savers it offers total security and an impressive rate of interest!

“If the Wilton branch is really going to take off we need a range of members and some new volunteers to keep the branch open for those who need it. I encourage Wiltonians to find out what’s on offer here.”

The office was officially opened on Thursday (18 September) by the Mayor of Wilton, Cllr Phil Matthews. The branch will be open from 10.30 to 11.30 on Thursday mornings.

Cllr Matthews said, “The recession is over, but it’s a very fragile recovery and it’s important that this credit union does what it’s doing.

“All credit to the Archbishop of Canterbury, Justin Welby, for taking a lead on this and criticising these payday lenders who charge exorbitant rates of interest and, frankly, add to people’s misery.

“The Church in general has done a good job in promoting credit unions and I do sincerely thank them for that.”

Click here for a clip on YouTube

Click here for photos

The SWCU’s website is

About SWCU
SWCU has been supporting communities around Salisbury for the last ten years. With branches in Salisbury, Mere, Amesbury and now Wilton, it is a savings and loans bank dedicated to the financial wellbeing of the community.

It is owned and run by the members and operates for the benefit of the members with all profits returned to savers.

Michael Ricketts, Chairman of SWCU, says “Community is at the heart of our organisation. We are here to support the community and bring ethical savings and loans services to people in the community. Our aim is not to make profit but to encourage responsible saving and borrowing.

“To be a member you have to save with us and, in return, this opens the door to low cost loans that are not available elsewhere. Those who are well off save with us because they know it helps others in the community. Those who borrow know we will lend responsibly and not drive them into debt.”

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