Credit unions ready to offer banking services.CREDIT unions will be able to offer members banking services from next autumn. The Association of British Credit Unions Ltd and the Co-operative Bank will allow some credit unions to run and promote the accounts. The bank will administer them. The system could be rolled out nationally in 2007. The accounts will offer a debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. for use in shops and to withdraw money from cash machines. Abcul boss Mark Lyonette said: "This shows credit unions are capable of offering members modern, accessible financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. similar to banks but with the added benefits associated with a financial co-operative that is owned and run by its members |
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