Scheduled Event -
16 Jul 2025, 9:30 a.m.
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Commons -
Westminster Hall debate - Westminster Hall
Role and future of credit unions
MP: Katrina MurraySpeech in Westminster Hall - Wed 16 Jul 2025 Credit Unions
"I beg to move,
That this House has considered the role and future of credit unions.
It is a pleasure to serve under your chairship, Mr Twigg. At the outset of this debate, I wish to place formally on the record that I am a long-standing member of the NHS …..." Katrina Murray - View Speech
"My hon. Friend is reading ahead in my speech about some of the things that the Government could do to extend and support the sector.
Before joining the NHS credit union, I was a regular visitor to my local community credit union—staffed entirely by volunteers—until I moved house and moved …..." Katrina Murray - View Speech
"I thank the hon. Gentleman for his helpful intervention. We need a joined-up approach to our support for the sector’s unique role. We must particularly support small credit unions with few staff members who are predominantly volunteers, because when it gets too much, volunteers may move away and services may …..." Katrina Murray - View Speech
"The Chancellor’s speech last night was very timely. Credit unions are particularly well placed to benefit thoroughly from that if they have support, and I hope the Minister will expand on that. We need to update the law in Northern Ireland so that the strength of the credit union movement …..." Katrina Murray - View Speech
"I feel honoured to wind up the debate. I thank all colleagues who have contributed to a thoughtful and constructive debate.
We heard that credit unions are not just financial institutions; they are community institutions. They offer dignity, access and inclusion where commercial lenders often do not and, as the …..." Katrina Murray - View Speech