Cardiff & Vale Credit Union shortlisted for Social Enterprise of the Year Award
05 Oct 18
Cardiff & Vale Credit Union was recently shortlisted as a finalist for the Social Enterprise of the Year category at the 2018 Social Business Wales Awards.
By raising awareness of financial well-being in the workplace, the promotion of credit unions as an ethical alternative to payday lenders, and support to local school saving clubs proved Cardiff & Vale Credit Union to be a valuable asset to its community and across Wales.
Awarded at Cardiff’s City Hall, the evening delivered by Social Business Wales brought together more than 220 of Wales’s leading figures from the social business sector, to celebrate the positive impact of social enterprises, co-operatives, and employee-owned businesses.
Working alongside patrons of the Credit Unions of Wales, Michael Sheen and Jane Hutt AM, Cardiff & Vale has worked very hard to promote financial well-being in the workplace hosting various events across the city to promote payroll schemes.
Back in May, Chief Executive of Cardiff & Vale, Leanne Herberg appeared on ITV Wales News explaining the issues around debt and the role of credit unions in helping people avoid payday lenders and called for Wales to become a ‘credit union nation’.
Working with the City of Cardiff Council, the credit union has over 15 participating schools offering a weekly School Savers’ Club to their pupils and as well working with HMP Cardiff, encouraging a savings culture amongst prisoners, helping financial literacy and reducing the risk of reoffending on release.
Speaking about Cardiff & Vale's receiving the highly recommended certificate for their vision for growth, Leanne Herberg said: "We were delighted to be finalists in the national awards, which reflects the social and economic value of our contributions to the communities we serve as a fair finance provider, and the efforts of our hard-working staff, directors and volunteers."
Derek Walker, Wales Co-operative Centre CEO, said he was “delighted with the calibre of the entrants this year”. He added: “A lot of the categories were very competitive and judges had a challenge choosing the winners. The social impact made by these businesses is outstanding”.
The Social Business Wales Awards are run as part of Social Business Wales, a project funded by the European Regional Development Fund and Welsh Government as part of the Business Wales service. It is delivered by the Wales Co-operative Centre with principal sponsorship from NatWest Cymru.