A credit union in Renfrewshire has launched a funeral product specifically aimed to help tackle funeral poverty throughout Renfrewshire.
The rising cost of the average funeral in Scotland is £3,716 but Renfrewshire-wide Credit Union (RWCU), based at Paisley High Street, understands that this can be a difficult time for families.
Paying for a loved one’s funeral can be a financial strain for many people but RWCU believe their new product will help ease the financial burden felt by Renfrewshire families who struggle to pay funeral expenses.
RWCU’s Manager Karen Graham said: “The Funeral Finance product should help reduce anxiety and distress caused by financing a funeral and help protect families from problems caused by resorting to high-interest loans to meet the funeral costs of loved ones. Our aim at Renfrewshire-Wide Credit Union has always been to promote ethical, affordable financial choices to meet the needs of our members.
“We believe that our credit union services and products offer the people of Renfrewshire a community-based alternative to the high interest deals offered elsewhere.”
Members interested in the Funeral Finance loan can borrow up to £3,000 to help with the cost, this is an ‘ethical affordable way’ to pay for a loved one’s funeral and the loan will be available to new and existing members and some Terms & Conditions apply.
If you are interested in finding out more about this product, then you can contact Renfrewshire-Wide Credit Union on 0141 889 7442, email them at info@rwcu.co.uk or visit the website at www.rwcu.co.uk for more information.
