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PARLIAMENTARY WRITTEN QUESTION
Armed Forces: Credit Unions (22 October 2014)

Question Asked

To ask the Secretary of State for Defence, what recent progress he has made on encouraging access to credit unions for members of the armed forces and their families; and if he will make a statement.

Asked by:
Gareth Thomas (Labour)

Answer

Further to the answer I gave the hon. Member on 6 October 2014, Question UIN 208271 refers, we continue to make progress on this issue. As stated previously, we fully endorse existing, strong credit unions expanding their membership to the Armed Forces community.

I met Lord Kennedy on 15 October 2014 to discuss the matter of credit unions for members of the Armed Forces. I confirmed that the facilitation of payroll deduction for credit unions is technically possible and our payroll provider is engaged with officials to scope and cost such deductions. Further work is under way to determine the criteria for access to this facility, and to develop an education campaign for our personnel to enable them to make informed financial choices.


Answered by:
Anna Soubry (The Independent Group for Change)
30 October 2014

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