NEWINGTON Credit Union is encouraging members to think ahead about the cost of Christmas and make a spending plan that works for their household. Although December may seem a long way off, the cost of presents, food, travel and celebrations can build quickly. Planning now gives families time to set a budget, put money aside where possible and decide which expenses matter most to them. For members who are considering a loan to help with Christmas costs, Newington Credit Union offers the chance to talk through their plans with a member of its team. Members can discuss how much they need to borrow, what their repayments would be and whether those repayments will remain manageable after the festive season. Julie-Ann McStravick, CEO of Newington Credit Union, said: “Christmas is a time many of us look forward to, but we recognise that paying for it can be stressful. Starting to plan early can make a real difference. It gives people a chance to decide what they can afford and avoid feeling pressured into last-minute spending. “If a member is thinking about borrowing, we want them to feel comfortable asking questions. We will take the time to understand their circumstances, explain the cost of the loan and help them consider a repayment plan that fits their budget. The aim is to enjoy Christmas without creating financial pressure that lasts well into the new year.” Newington Credit Union encourages members to begin by making a list of expected costs, including those that are easy to overlook, such as outings, travel and extra household spending. Setting a limit for each item can help keep the overall cost in view. Members should also consider their usual bills and any other commitments due in January when deciding what they can afford to repay. A loan may be useful for some households, but members are encouraged to borrow only what they need and can comfortably afford. Loan applications are considered on individual circumstances and are subject to approval. Newington Credit Union has served the local community for more than 55 years. As a member-owned organisation, it works to support members through different stages of life, guided by its commitment to being for futures not profit. Members can speak to the team in branch or by phone, or apply for a loan online. Anyone considering borrowing for Christmas is encouraged to get in touch early so they have time to review their options and make an informed decision. To speak to the team, call 028 9035 1040 or visit our office’s. Members can also find information and apply online at www.newingtoncreditunion.co.uk or via the mobile app. All loans are subject to application, approval and affordability assessment. Make Christmas happen, with your credit union by your side.
