The Catholic Church in England and Wales, and in Scotland, have joined the Churches’ Mutual Credit Union (CMCU).
The Archbishop of Canterbury, Justin Welby, said: ‘I am delighted that the Catholic Church in England and Wales and in Scotland is now under the Churches’ Mutual Credit Union umbrella, this marks a huge step forward in our efforts to build a strong credit union sector in this country not just in the poorest areas but for everyone.’
The Archbishop of Westminster, Cardinal Vincent Nichols, said: ‘I’m glad to become a member of CMCU. Their work today is very important as this is a financial institution that directly reflects our shared effort to give everyone the opportunity to manage financially and to make the best of their resources.
‘This Credit Union echoes clearly important aspects of our Christian understanding of working together for the common good.’
For more details on the Catholic Church joining the Churches’ Mutual Credit Union see the Church of England website.