Lord Kennedy of Southwark – 2014 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Lord Kennedy of Southwark on 2014-06-05.

To ask Her Majesty’s Government what is their assessment of the progress of the Credit Union Expansion Project.

Lord Freud

The DWP Credit Union Expansion Project contract began in May 2013. Around 80 credit unions are currently participating in the project. ABCUL has started delivering the Automated Loan and decision tool to participating credit unions and feedback is that the tool is ensuring loan decisions are faster, consistent and more efficient to deliver. Procurement of an IT banking platform is also being progressed but much remains to be done particularly on achieving sufficient growth for Credit Unions, and DWP continue to support and monitor the project closely