Ten million reasons for Credit Union to celebrate!
Categories: BLOG |
Author:
carol |
Posted: 05/10/2016 |
Views: 1380
A reflection by Fr Kevin Dow
The memory of a priest who helped thousands of families by forming a credit union was celebrated recently - as it marked an incredible ten million pounds worth of transactions.
The late Fr Gerry Prior, Parish Priest at St Peter's in Livingston, started the popular West Lothian Credit Union (WLCU) through his parish's Justice & Peace Group.
His legacy will continue as Angela Constance MSP announced Scottish Government funding of £200,000 for credit unions to be established in schools to encourage learning about saving and investment.
She was one of the many guests at an event in Almond House, Livingston, to mark the success of WLCU, including Neil Finley MSP and Mrs Agnes Prior, mother of the late Fr Gerry.
Ms Constance, Cabinet Secretary for Communities, Social Security and Equalities, spoke about her own relationship with the credit union, going back the 18 years she had spent as a local councillor and now as an MSP.
One women, a member of WCLU told the gathering about how important it has been to her family - allowing them to save money and borrow when necessary. It was her transaction that took them over the £10,000,000 mark.
Local Priests Fr Kenneth Owens, Fr Jeremy Bath and Fr Kevin Dow reflected the original foundations of the credit union, which has let ordinary people receive fair and just financial benefits compared to banks and national lending companies who often charge extortionate rates on their loans.
A letter of congratulations from Archbishop Leo Cushley was read, commending in prayer Fr Gerry and founding members who have sadly passed away to God’s merciful keeping, before Agnes, surrounded by her family, cut a celebratory cake.
Fr Dow, the new diocesan Justice & Peace spiritual director, said: "This is a wonderful example of a Justice & Peace group making a real difference to the lives of so many people since founding a credit union 18 years ago. Everyone was delighted Agnes could attend to cut the celebration cake and hear more about the positive impact her late son and others played in helping bring a credit union to West Lothian."