‘Wonderful credit union’

by Madeleine Davies

Posted: 21 Dec 2012 @ 03:25

THE encomium to socially responsible banking in the classic Christmas film It's A Wonderful Life found an echo in the House of Lords on Thursday of last week, when the Bishop of Durham, the Rt Revd Justin Welby, spoke about the "huge potential" of credit unions.

Bishop Welby described how credit unions in his "greviously underbanked" diocese had "made good finance and access to credit available in an extremely deprived area", echoing the 1946 film's warning that, without a ...

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