‘Money Speaks Louder than Words’

Carol DealeyCarol Dealey reports back to St John’s following the November Diocesan Synod in Birmingham.  Diocesan Synod meets three times a year.

Credit Unions was an important item on the agenda
The Archbishop of Canterbury’s interest in payday loans and the potential of credit unions is widely known. Recently published research into the attitudes of regular churchgoers was presented to Diocesan Synod in the report ‘Money Speaks Louder than Words’.
Download a copy

The findings are of interest as they reflect some of the concerns discussed at St John’s PCC over the last few years. Firstly there is a desire to develop a more ethical financial system as many are disillusioned with the current banking system. Churchgoers were positive about credit unions but many felt they did not need them themselves and others felt they did not know enough about them. Interestingly, the churchgoers in the study felt the Church should help the credit union sector to grow.

Martyn Treadgold from Six Towns Credit Union spoke about some of the needs of credit unions. They are very keen for those on middle or higher incomes to join credit unions which will provide more opportunities to help those on lower incomes. It should be noted that all members get a dividend and last year Six Towns paid out  a dividend of 3.25% to their savers.

They are also keen for churchgoers to offer their individual expertise to assist credit unions in widening their appeal. They wish to develop relationships with schools and to encourage children to start to save.

Inner City Clergy Network
The clergy involved in this network presented a short DVD on their ministry and mission. It provided an interesting insight into the challenges they face and how they are reaching out to their local community.

The DVD can be seen here or accessed  from the home page on the diocesan website by clicking on the link above the heading Inner City Ministry.








3rd Dec 2014 Posted in: News, St John's Stories by Stella Jennings 1

One Response

  1. Michael Waters says:

    Good report – I’m looking forward to hearing more of the work of the informal Credit Union St Johns working party (you, Wendy, Brian and John).

    In the debt strand we see many instances of the need for short term finance and it is likely that many pay day lenders servicing this market will go out of business following the tightening of the rules by the FCA. The only alternatives are credit unions or loan sharks – I know which I prefer

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