Bradford District Credit Union has welcomed measures in the Budget that will provide more funding for the services it provides.

Ian Brewer is the social development officer of the union, which was founded 30 years ago and currently has 10,500 members.

He was speaking ahead of the union’s annual Money Talks Week, which starts today and runs until Friday, November 8.

Some of Bradford’s major institutions are taking part to promote responsible saving and money management, including the University of Bradford, Bradford Teaching Hospitals and the BD25 City of Culture team.

Mr Brewer said: “From our perspective, anything that provides resources to people on the front line to provide better access to health, wellbeing, benefits and finance will always be welcome.”

The credit union was founded by Bradford Council in 1993 to enable people to borrow and save safely at a time when bank loans were difficult to obtain and interest rates were 15%.

Members pay into the fund each month for savings purposes, but some of this reserve, currently £6.5 million, is also used to provide loans.

Mr Brewer said this was the sixth year the union had held Talk Money Week.

“Every year we try to work with partners to bring money to the center of the conversation,” he said.

“This is about people being able to understand money through the financial education we provide.”

He added that people often want to save money but don’t know how to do it.

Mr Brewer said: “Projects such as Saving Food and Saving Uniform are things we do that use innovations in community development to help people get into the habit of saving and get incentives to do so.”

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