Cash Box was founded in 2004/5 as a merger of several smaller credit unions.
The Credit Union for Tameside Employees Limited was founded in May 1995 and traded till May 2004/5 when the merger of several smaller local credit unions brought about the name Cash Box – a community credit union for savings and loans, where members could pool their savings to lend to one another and help run the credit union.
Members come from Tameside and Glossop; this is the common bond. Membership has grown over the years since the introduction of members living or working within the common bond. The credit union is regarded in its community as the fairest source of credit and has saved its members £495,000 in interest charges when compared to doorstep lenders’ rates.
Phyllis Turner was invited to a garden party hosted by her Majesty the Queen at Buckingham Palace in June 2018. Volunteers and staff members of Cashbox Credit Union attended in September the same year a special event at Gorton Monastery, where they were presented the Queen’s Award for Voluntary Service. The strength of Cashbox is the bond between many volunteers and a few paid staff.
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