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Kent church community bank opens for business

Tue 21 Jan 2014
By Administrator User

The volunteer run credit union facility will operate from the vestry of All Saints Church in Sittingbourne on a daily basis.

A church in Kent is opening a community bank to help people manage their money.

The Murston Community Bank is operating at All Saints Church as part of the credit union Kent Savers.

It will provide savings accounts and an alternative to payday loan companies, offering an APR of 26.8% as well as pastoral and spiritual support.

Revd Lesley Jones is the Assistant curate at All Saints Church and was involved in setting up the bank. She told Premier who the first customer was:

The idea was inspired by the Archbishop of Canterbury's call for the church to be more proactive against debt and payday lenders.

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