Dear member,
We are writing today with some exciting information regarding the future of our credit union.
After careful deliberation, our Board of Directors, at this year’s AGM, will propose a merger of Port Glasgow Credit Union with Right Way Credit Union, Renfrewshire.
This is not a decision we have come to lightly, yet we feel it is the most viable option.
The Directors have been working hard over the past few years to ensure our credit union’s long-term sustainability and growth opportunities, which has led to this decision.
Recent years have seen a reduction in volunteers in the credit union, partnered with increased regulatory reporting, making running the credit union a greater challenge.
Right Way Credit Union is a like-minded community credit union committed to providing excellent member service and maintaining strong financial stability – making them the ideal partner for this exciting transition.
We are working closely with Right Way to ensure this process is seamless for members. Your shares and loans, and protection, will be automatically transferred to Right Way – you do not have to do anything.
Rest assured, your money is safe in the credit union, and we will remain a strong presence in the local community while enhancing services to members across Inverclyde.
Right Way Credit Union has a fantastic range of products and services which we believe will make your membership experience even better than it is now.
You can learn more about them on their website at www.rwcu.co.uk
A Special General Meeting will be held on Tuesday 19th March at 10am, after the
Annual General Meeting, at 7 ½ John Wood Street at 10.00am, where the Directors will be happy to address your questions.
If you would like to attend the online meetings, please register your attendance by emailing
office@ portglasgowcreditunion.co.uk or by giving your details at the front counter, & further instructions, about how to register & join the meeting, will be emailed to you.
Or you can register to attend in person on the day, at 7 ½ John Wood Street, by giving your details at the front counter beforehand, if possible, to allow us to accommodate numbers.
As always, we appreciate your support, past, present, and future, in helping us to offer ethical & affordable financial services to the community of Inverclyde.
Sincerely,
Susan Lafferty (Chairperson)
Port Glasgow Credit Union
