Harlow Credit Union (registered February 1981), Harlow District Council Credit Union (May 1988) and Harlow Co-Operatives Credit Union Limited (January 1992) got together with one other to form Harlowsave credit union in early 2002.
This created a stronger, more sustainable organisation to serve Harlow. Harlowsave currently has just over 1,500 members and is run by a team of 8 permanent staff, 8 volunteers and 7 volunteer directors. In February 2015 launched CU Loans Local which was attended by Robert Halfon MP and local retailers. The feedback from retailers was very positive. The same retailers offer Harlowsave members a 10% discount on purchases.
The credit union has paid an annual dividend in 2016 and 2017 at 0.5% which is equal to current bank base rates. Harlowsave is a founder member of CUT (Credit Unions Together) a secondary co-operative as a way for a group of Credit Unions to do things that help achieve their aims that they would not be able to do by themselves.
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