Spring 2008: Savings Bonus For Housing Association Tenants
 The credit union is working with Wandle Housing Association and South London Family
 Housing Association to encourage people to save rather than borrow. If you live in Croydon
 and in one of these housing association properties then you can benefit from a payment that
 will match your savings.

 Hyde Housing have agreed to pay the membership fee for any of their tenants who join the
 credit union too!.

 Spring 2008: Growing and Growing
 During 2007 the credit union increased membership by 41%. Members managed to increase
 their savings to more than half a million pounds, increasing year on year by 21%.

 In the financial year 2006-7 we issued 304 low cost loans totaling £393,000
 saving members tens of thousands of pounds in unnecessary interest, and encouraging
 people to save as they borrow.

 August 2006: Save as You Borrow
 In response to requests from our members we have made it easier for members to use our
 'Save as You Borrow' scheme. Although upper limits on loans are in place, and members are
 encouraged to save before they apply for a loans, anyone can join and apply for a loan on day
 one of membership.

 This allows us to transfer high interest debts such as overdrafts, credit cards and doorstep
 lenders' loans, saving members' money from day one.

 July 2006: Time for Growth
 Croydon Savers has recently heavily invested in computerising our systems to speed up our
 service to members.

 A new office with improved facilities will allow us to continue to improve our customer service
 to provide the best possible service to all. A major publicity drive is now commencing following
 the office launch on 29th March, with a focus on offering a real alternative to the doorstep
 lenders which charge an average interest rate of 177% APR to the people on the lowest incomes.