The Five Thousand Pound Coffee Cup

  The Five Thousand Pound Coffee Cup     This isn’t the story of the latest discovery on the Antiques Roadshow where a vaguely cup shaped item that was bought at a jumble sale for 25p in 1972 or was given to ‘nana’ by an oriental gentleman sometime back in the 1930s turns out to be genuine Qing dynasty and gets the startled owner straight on the phone to Sotherby’s. Rather it is a is the story of a stainless steel insulated mug that was bought five years ago for the princely sum of £1.99 which despite having no historic or cultural significance, (although almost certainly ‘Made in China’), turns out has been worth £5000 to me.   Let the train take the strain I commute to work in Gloucester from Birmingham by train, it’s an early start but after five years I am pretty well organised in the mornings. The journey is only forty-six minutes, I have had my breakfast. I do not need a cup of tea on the train. Why then does the sound of the trolley provoke the Pavlovian response – I’m thirsty, I cannot possibly wait for a hot drink until I get to the office. So here’s where the coffee mug comes in. A cup of CrossCountry coffee is £2.30, which makes it £4.60 a day (yes, I get the same cravings on the way home). Even after allowing for annual leave, bank holidays and various work related excursions, that’s potentially 440 cuppas a year – at a whopping £1000 give or take a cup. I appreciate that it isn’t as simple a...

Annual General Meeting 2019

Annual General Meeting 2019 Join us for our Annual General Meeting on Friday 1st February 2019 and have your say. The AGM is open to members and is a chance to find out more about your credit union, what we have been up to in the past year and what we’ll be working on during the new year. When? Friday 1st February 2019 Where? Church House, Great Smith Street, London, SW1P 3AZ What time? 12 noon. The AGM will include elections of officers to serve the Credit Union for the next three years. Nominations are now closed and information regarding the candidates will be on the annual newsletter which is being finalised and will be sent to all members early next week. The annual accounts will also be presented to the members and a copy is available here. The minutes of last year’s AGM are available here. For security purposes in accessing Church House, please let us know if you are intending to attend the AGM no later than 25th January 2019....

Churches’ Mutual features in US based report on CUs in Britain

Churches’ Mutual in US based feature on CUs in Britain The US based website www.BadCredit.org was created to help Americans with subpar credit to find the information and resources they need to make successful credit decisions. They recently ran a piece on Credit Unions in the UK which featured Churches’ Mutual. Here’s what they had to say about us. https://www.badcredit.org/…/cmcu-meets-the-needs-of-uk-cle…/...

So long Wonga, you won’t be missed

The news that Wonga have gone into administration will be a cause for rejoicing across the country. Not least in Lambeth Palace, as Justin Welby, Archbishop of Canterbury must be able to take some of the credit for the collapse, His high profile intervention precipitated the beginning of the end for the notorious payday lenders, heralding a catalogue of investigations into inadequate procedures of assessing affordability and unethical debt recovery topped off with government legislation capping extortionate interest rates. The King is dead, long live the King Unfortunately it may be a case of ‘the King is dead, long live the King’ as a quick google search will provide a list of the top forty payday lenders. While Wonga may no longer be top of the pops there are plenty of ‘short term lenders’ as the payday operatives prefer to be called, still out there offering loans at four-figure interest rates to tide you over for a couple of weeks. Because that was always the argument in defence of the payday loan. That they were designed to be a solution to a temporary cash flow problem such as starting a new job, waiting for a refund of a rental bond, or a cheque to clear. Yes, they were expensive but surely, they reasoned, it was better to borrow £300 and repay £375 than to bounce a direct debit and incur bank charges and/or default on your mortgage (and suffer the consequences that might damage your credit score and future credit worthiness). For many people financial shortages caused by changing jobs or moving house are few and far between, so...

Work Not Worry

WORK NOT WORRY   Did you know? – 26% of working age adults in the UK have no savings and 29% have less than £1000.   – Credit Unions turn borrowers into savers. Over 70% continue saving regularly after repaying a loan.   – Employers have been working with credit unions for over 30 years to offer payroll savings and loans to their employees.     Did you know? – CMCU has over 500 regular payroll savers from nine different employers in its common bond   – Employees save between £5 and £300 every month – together they have saved almost half a million pounds in three years!   – Employees who get into a savings habit are less likely to get into debt and more likely to perform well at work.     Did you know? – Churches’ Mutual is the Credit Union for Ministers, Employees and Trustees of seven denominational churches in Great Britain – This includes employees of over five hundred charities that vary from two to two thousand employees, and – All Voluntary Aided and Multi-Academy Trust church schools run by our denominational partners   Did you know? – Payroll savings schemes are a staff benefit that can help with recruitment and retention of employees – They are also are a great way of improving employee wellbeing and productivity – They are simple and straightforward to set up with Churches’ Mutual. – You could be part of a national campaign – watch the video below. – You can use the contact form to get things started or call us on 01452 500 463.   Name(required) Email(required) Contact Telephone(required) Message...