Banks & Finance Articles
As the cost of living continues to rise across Scotland, HI-Scot Credit Union is launching HI-Save, a new community campaign aimed at encouraging people across the Highlands and Islands to begin saving regularly and to build stronger financial resilience. The campaign comes in response to stark figures.
In the Highlands and Islands, community spirit runs deep. From Shetland to Skye, from Caithness to Uist, people know the power of looking out for one another.
Many people want to save and help their community by making funds available at good rates from a local entity such as Hi-Scot Credit Union that covers Highland and Islands. Credit Unions encourage savings as well as offering affordable borrowing but lets take a closer look.
The Financial Conduct Authority (FCA) has found that one in ten people have no cash savings at all, and another 21% have less than £1,000 to draw on in an emergency. The regulator's research also shows that one in four people in the UK have low financial resilience, meaning that they have missed payments, are struggling to keep up with commitments, or don't have savings to help them through difficulties.
Credit unions have been around a long time. Hi-Scot credit union covers the Highland and Islands and it is easy to save or borrow at good rates.
Saving money regularly can help improve sleep, a new report suggests. Putting a monthly amount aside, however small the sum, also helped people to relax and be more optimistic about the future, the study by academics at Bristol University found.
The latest information from the Bank of England shows that adult membership of credit unions across the UK is increasing. The total number of adult members has been steadily increasing.
Phil Anderson Financial Services is thrilled to announce that Louise Cormack, a valued member of our team at the Wick Office in Caithness, has successfully passed her final exam and is now a fully qualified mortgage adviser. Louise's accomplishment comes after passing the Chartered Insurance Institute CF6 mortgage advice exam, completing the rigorous Certificate in Mortgage Advice.
Phil Anderson Financial Services, a leading financial advisory firm, is pleased to announce the appointment of two seasoned professionals, Peter Brown and Kevin Philip, as Directors. This strategic move reflects the company's commitment to enhancing its leadership team and providing exceptional financial services to its clients.
3500 thousand credit union members save with Hi-Scot credit union. Starting to save in January will make things a lot easier by Christmas 2024.