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Credit Union Launch

Cardinal Winning saw the launch of Glasgow City Council’s credit union scheme which will see every pupil in secondary school receive a savings account and a £10 deposit.

The scheme named ‘Your Starter for Ten’ is the first of its kind in the UK and every secondary school has been matched with a credit union.

It is intended to encourage financial responsibility and "halt the rise of high-cost payday lenders".

Mr McDonald emphasised the importance of managing money to the pupils and saving for important things in life.

The launch event also saw pupils and modern apprentices present on the benefits of joining a credit union and the dangers of irresponsible borrowing.