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Credit Union urges families to start saving now for Christmas 2022 to avoid a financial headache

Manchester Credit Union is urging families to start saving now for Christmas 2022 to avoid a financial headache.

The community savings and lending organisation is supporting hundreds of its members who are finding themselves in financial difficulty this January after an expensive Christmas. Now they want to help break this cycle of debt for others this coming year by relaunching their Christmas Saver scheme.

Christine Moore, chief executive of Manchester Credit Union, said: “We are relaunching the Christmas Saver Account in response to the financial hardship many members are facing due to an expensive Christmas, exacerbated by rising living costs that are set to continue in 2022.

“We all tend to spend more at Christmas, but the reality is that many people are feeling the pressure to spend more than they can afford – causing problems down the line.


“Now is the time to prepare for Christmas 2022: the more members save, the more money members have available for their Christmas shopping – whilst avoiding a financial hangover in January.”

The Savings Account enables members to save monthly, fortnightly, or weekly and members can access their funds in November, ready to cover the costs of the festive season.

The credit union has also launched a Back On Track loan, to support members who overspent at Christmas and want to get those debts paid off in 12 months.

Manchester Credit Union is a non-profit cooperative that is owned by its 30,000 members. It has been in business for over 30 years providing an ethical savings alternative to high street banks, as well as affordable loans for those who need them.

For more information about Manchester Credit Union’s savings and loans products, visit the Manchester Credit Union website.

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