Decision details

That the governance arrangements set out below are implemented to monitor the progress of Chorley’s Credit Union towards self sustainability.

1.         A committee be set up to monitor the progress of delivery -‘Chorley’s Credit Union Governance Group’ will be established.  The remit of this group will be to monitor progress against the contract and the business development plan.  The representation will be;

a.         Chorley Council, Chief Executive

b.         Chorley Council, Executive Member for Resources, Policy and Performance

c.         Unify Credit Union, General Manager

d.         Unify Credit Union, Board representative

e.         Contour Homes officer representative

f.          Accent officer representative

2.         The representation of this group includes representatives from the two housing providers who have made financial contributions to the set-up of the Credit Union, Contour Homes and Accent at a total contribution of £3000 each over three years. In return for this contribution they will receive preferential benefits for their tenants.

1.         Recommendation approved.

2.         Recommendation approved.