Peckham MP Harriet Harman and Southwark Council leader Nick Stanton at the launch of the Credit Union Current Account.

Southwark credit union is the first in London to offer a new current account with an ATM / Debit card as one of its financial services.

Some 35,000 people in Southwark don’t have a bank account or access to mainstream financial services. Other Southwark credit union services include savings accounts and low-cost loans – a fair alternative to the doorstep lenders who target poorer households.

The council as a whole and Peckham Programme locally have put money in to support the credit union as part of the fight against local economic deprivation.

Peckham MP Harriet Harman and Southwark Council leader Nick Stanton spoke at the official launch of the current account on 27th February 2007.