The powers follow legal changes at Westminster which give credit unions in Scotland, England and Wales more flexibility to choose who can access their services. Credit unions will now be able to extend membership to more than one group of people, no matter where they live or work, to sign up organisations as members and to pay interest on deposits.
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New rules help credit unions extend reach
CREDIT unions received new powers this week which will allow them to deliver a wider range of financial services to many more members, communities and businesses.
