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Members of South Yorkshire Credit Union (SYCU) are now able to switch to competitive deals with the Co-operative Energy under a new partnership

Posted on 22 December 2014

Co-operative Energy has announced a new partnership with South Yorkshire Credit Union, a savings and loan co-operative that is owned and controlled by its members.

South Yorkshire Credit Union provides a range of accessible, affordable and quality credit union services to improve the quality of life of its members.

The partnership sees the creation of new budget accounts for members and enables them to switch to more competitive energy deals through Co-operative Energy, as well as providing money saving advice on energy efficiency measures.

South Yorkshire Credit Union provides a range of accessible, affordable and quality credit union services to improve the quality of life of its members. It is democratically run as a savings and loan co-operative that is owned and controlled by its members.

South Yorkshire Credit Union has nine branches throughout the region and over 27,000 members. As part of the partnership, electrical goods will also be available for purchase through Co-operative Electrical which will help members to buy items at a competitive price without having to worry about inflated interest rates.

Martin Cook, affiliate manager with Co-operative Energy, commented: “This is a prime example of co-operatives working together for member benefits. We are working closely with South Yorkshire Credit Union to offer the best deals on gas and electricity bills to members and staff.

“A Co-operative Energy advisor will visit branches to talk members through the process of finding the best energy tariff to suit their particular needs, address their energy concerns and highlight initiatives such as the warm Home Discount Scheme. We want to ensure that particularly vulnerable members of society are able to keep warm and well throughout the winter. Our partnership with South Yorkshire Credit Union exists to fully support the ongoing commitment to the alleviation of poverty within the community and helping to contribute to local economic regeneration.”

Murdo McLeod, chief executive of South Yorkshire Credit Union said: “This is a perfect way to deliver additional crucial, real benefits to our members. Not more mere rhetoric on energy savings but tangible and immediate monetary savings. This partnership between South Yorkshire Credit Union and Co-operative Energy adds yet another fit for purpose 21st Century service to our growing, carefully crafted portfolio. To help individuals, our members, their families, their community, no organisation can do it alone but by working together anything is possible.”

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