Glasgow post office taken over by local credit union

First move of its kind sees Pollok Credit Union rescue branch threatened by closure

The first takeover of a local post office by a credit union has occurred in Glasgow.

Pollok Credit Union has stepped in to take over its local branch, which would have closed down if a replacement for the key position of subpostmaster could not be found.

The credit union and the post office will work together from new offices from early next year.

"This partnership will secure the future of two vital community services," said Jim Garrity, director of Pollok Credit Union. "It will be the first time post office services and credit union services will be delivered from one unit.

"It is especially appropriate in the current financial crisis that a credit union and post office should be working closely to deliver a comprehensive financial service to the community."

Credit unions have previously said they wanted to see closer links between the two organisations, possibly as part of the creation of a Post Bank.


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