SoundPound attends first meeting of the Greater Manchester Co-operative Commission
22 Feb 19
The Greater Manchester Consortium of credit unions ‘SoundPound’ attended the inaugural meeting of the Co-operative Commission, which aims to further the development of the co-operative movement in the city region.
Announced back in July 2018 by Greater Manchester Mayor, Andy Burnham, the ‘Cooperative Commission’ has been established to work with the region’s co-operative sector to consider how the city can support existing co-operatives in the region, create conditions that enable them to grow and identify opportunities for the expansion of co-operative enterprise into new sectors of the region’s economy.
Speaking after the commission launched, Mr. Burnham said: “Greater Manchester should be the most co-operative region in the UK and the most natural place for new co-ops and social enterprises to start and thrive. This is a very strong commitment to ensure we do that to ultimately benefit the lives of people and businesses across the city-region”.
Representative of SoundPound and CEO of Hoot Credit Union, David Batten attended its first meeting for the Commission and is proud to “offer perspective to the commission and to highlight the contribution credit unions can make to the GM economy by offering ethical and affordable financial services”.
More than 50,000 people in Greater Manchester are members of one of the SoundPound partners, currently borrowing over £14 million. Members also currently hold savings of over £24 million with SoundPound Credit Unions.
Back in October, SoundPound celebrated a successful marketing campaign, ‘You’re better off with us’ during credit union awareness week. Local MP’s, councillors and the Mayor of Salford all pledged their support of the campaign on social media and each credit union carried out local events to reinforce the idea that you are better off with a credit union.