Ballymena families get finance savvy at Credit Union event

Members of Ballymena Crediit Union enjoy a cuppa at the Personal Finance Coffee Morning. (Submitted Picture).
Members of Ballymena Crediit Union enjoy a cuppa at the Personal Finance Coffee Morning. (Submitted Picture).

An offer of free family-friendly financial advice from Ballymena Credit Union saw members turn out in force at their local branch, last week.

Those who went along to the Personal Finance Coffee Morning were given an informal lesson in personal finance literacy and the low-down on loans.

Staff of Ballymena Credit Union get the coffee ready for members attending last week's Personal Finance information event. (Submitted Picture).

Staff of Ballymena Credit Union get the coffee ready for members attending last week's Personal Finance information event. (Submitted Picture).

The event was held to help families in the local area manage the large financial challenges that exist throughout the summer months and the months beyond.

For many families, the back to school and college periods can be extremely financially stressful times.

Credit Union is mindful that the financial burden placed upon families at these times can be immense.

Speaking at the launch of the Coffee Morning, Paul Patton, Manager of Ballymena Credit Union said: “Summertime brings with it large financial challenges for many families in our community. Some of the great challenges during this time can be funding back to school and university costs. “In times of financial stress, some families turn to expensive sources of credit, such as money lenders, payday loans or credit cards and we at Ballymena Credit Union are urging members to talk to us first before going down this route.”

He added: “Ballymena Credit Union prides itself on its innovative, people focused approach to loans, savings and other financial services and continues to work for the mutual benefit and general welfare of its members.

“The Credit Union’s uniqueness lies in its difference to other financial institutions,” he said.

“We were delighted to see so many members come out to join us at our personal finance coffee morning and we would urge any member who is having difficulty planning or managing their household budget to come and speak to us at any stage and take those first steps towards effective budgeting and money management,” Paul added.