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<p>The Government is committed to continuing to support the credit union movement
in making financial services more accessible.</p><br /><p>The Government has taken
significant steps to support the credit union movement in Great Britain. These include
increasing the maximum interest rate that credit unions can charge on loans from 2%
to 3% per month; investing £38m in the sector through the Department of Work and Pensions’
(DWP) Credit Union Expansion Project; ensuring that universal credit and pensions
payments can be paid into any credit union account; providing £500,000 to help armed
forces personnel access credit union services; and launching a Call for Evidence which
allowed all credit unions, regardless of size or influence, the opportunity to contribute
their vision for the future of the sector to the wider debate.</p><p><br></p>
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