A credit union glass commemorating the 25th anniversary of the Croydon Caribbean Credit Union in 1992. A credit union is a self-help savings and loans organisation. Members pool their savings to create a fund from which they can lend to each other at reasonable rates of interest. These rates are much lower than those of banks and building societies. When the Croydon Union was founded in 1967, local Caribbean people were beginning to buy their own homes instead of renting them. They needed loans for home improvements and furniture. Since then there have been over 500 members who have lent each other over 750,000.
whole: 180 x 70 x 70 mm
National & International | Politics & Economy
Museum of Croydon | Area 6 | Kiosk 2
Croydon Museum and Heritage Service