NEWS & EVENTS

After the credit crunch.... what next?

All of us in the credit union world are acutely aware of the impact and implications of the current financial turmoil. But could our economic architecture be in fact fatally flawed? Are we witnessing the end of the so called 'free market model'? Should we be planning for a very different future where credit unions and other community finance institutions become the new banks on our high street? Whilst many economists are predicting a recession in the traditional sense, others are questioning whether or not we are heading for something far worse. And if that is the case is now then the time to demand that we should be looking for a fairer and saner model, rather than trying to prop up the older corrupt one.

The new economics foundation is one organisation that is making such a call and has recently been advocating a 'Green New Deal' to address the financial meltdown, alongside climate change and the imminent peaking of many key resources. Now as part of that process nef are prioritising 20 steps that need to be made in order to rebuild a better economy. One of these steps is strongly advocating credit unions and the Community Banking Partnership approach. See how we can be part of a very different future.

You can download a copy of this report from our publications page.

Follow this link to download this important new report: From the Ashes of the Crash