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East Sussex Credit Union bid for Tesco Bags of Help cash boost

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18 Apr 19

East Sussex Credit Union is bidding to be awarded a cash boost from the Tesco Bags of Help initiative.

Tesco teamed up with local environmental charity, ‘Groundwork’ to launch its community funding scheme, which sees grants up to £4,000 awarded to local community projects. ESCU’s ‘Managing your Money Better’ is one of the projects on the short list.  Winners will receive the cash award and shoppers are being invited to vote who should receive the grant, whilst shopping at their local store.

The project’s main aim is to build further on the work ESCU are already doing in the community by offering more tailored help to local residents regarding money management and budgeting.

ESCU have proposed to offer families a safe space to talk about money worries. At these sessions, they can learn how to deal with debt and manage their money so they can build a stable financial future for their households. They will be encouraged to regularly save and will be provided with a secure way to manage their money online via a mobile app.

The team are also planning to reach out to younger people by combining this work with an anti-loan shark campaign in the community using resources from the Illegal Money Lending Team, which the team at ESCU will take into community facilities and schools/colleges to share the dangers of using loan sharks.

Business Development Manager, Emma Brown said: “We’re really pleased to have been successful with our Tesco Bags of Help application for this project as it will help us reach more people in our community. It’s also a great way for more people to find out about their local credit union and the kind of work we do by reading about us in store – it really is a win-win for us.”

 

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