ABCULAssociation of British Credit Unions Ltd (United Kingdom)
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Commenting on the news, Sharon told Business Post: "I am honoured to be appointed president of ABCUL.
Mark Lyonette, Chief Executive of ABCUL, said: "We are delighted that the Government continues to recognise the valuable role of credit unions, and we are pleased that it is increasing its support and commitment to the sector over the next three years.
Notes to Editors: ABCUL is the main trade association for credit unions in England, Scotland and Wales.
A key tenet for ABCUL is its commitment to providing ethical financial services," said John Yeomans, general manager, cards, FIS EMEA.
At the end of September 2010, ABCUL credit unions were managing more than 500 million in savings on behalf of over 611,000 people, and they had over 400 million out on loan.
Mark Lyonette, Chief Executive of ABCUL, said: "This shows that credit unions are capable of offering their members modern, accessible financial services.
uk or Abbie Shelton, ABCUL, Tel: +44-(0)161-819-6994, Mob: +44-(0)7939-014893, e-mail: abbie.
Matt Bland, policy and communication officer at ABCUL, said that as well as providing an alternative for those who are shut out by banks, credit unions are looking to attract middle and higher income earners.
Mark Lyonette, chief executive of ABCUL, described the changes as a "major breakthrough" for Britain's communities.
Mark Lyonette, chief executive of ABCUL said: "To really have an impact on high cost credit, credit unions need to be visible ans d accessible in every community.
uk or call ABCUL on 0161 832 3694 to find your nearest credit union.
Yesterday I had the chance to make these points to the Scottish government, thanks to an invitation from ABCUL, the body that represents credit unions.