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Great Western Credit Union launches bond offer
The biggest credit union in the South West has launched its new bond offer on the Ethex platform to raise £400,000.
The investment will allow Great Western Credit Union (GWCU) to expand its services, increase membership and provide financial stability for thousands of people in the region.
The minimum investment is £250, and there is a projected 6.5 per cent return for investors, but any money invested is fully at risk.
The bond offer will help the credit union safeguard its future and grow its Money@Work employer partnership scheme. Fair4All Finance has offered to match investments up to £1m.
James Berry, CEO of GWCU, said: “On a national level, this is one of the most difficult economic periods we have witnessed in our 23-year history and we understand the current challenges facing so many.
“Our new bond offer allows us to go beyond our regular services and make ethical and affordable finance more accessible to tens of thousands more people in our region at a time when people need these solutions.
“By joining us, we can do even more good with our money and transform the lives of many people in our local communities.”
The credit union currently has more than 18,000 members and serves people in Bristol, Bath, Somerset, Dorset, Wiltshire and South Gloucestershire.
When members use GWCU’s services, money is reinvested into the local economy, and the credit union has previously helped people at risk of homelessness and refugees.
The bond offer will close on July 18 2023, and investors are advised to read the offer document before pledging.
Main photo: Jon Craig
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