To ask the Rt. hon. Member for Carshalton and Wallington representing the House of Commons Commission, what steps he is taking to promote the use of credit unions in the work of the House of Commons Commission; and if he will make a statement.
Answered on
2 November 2015
Since March 2013 staff and Members of both Houses have been able to access financial support and advice on managing their personal finances from London Mutual Credit Union (LMCU). In addition they also offer financial products such as savings and loans which can be deducted directly from employees’ salaries via payroll, and for Members via IPSA. In November 2013, the facility with LMCU was formally launched at a reception held by Mr Speaker.
LMCU is promoted on the Parliamentary intranet, in the House of Commons Staff Handbook and at new staff inductions. LMCU also have a presence at the annual Wellbeing Day.