Dear Member,

Welcome to a January filled with financial wisdom and well-being! 

In this newsletter, get the details about our 1p Savings Challenge where you could potentially save £671.61 by 2024. You will also get some tips on how to keep well, on a budget, in the winter months.

The Stop loans Sharks team are back with an updated on an arrest that they made in London where the loan sharks were ordered to repay £357,719.98. 

We also share some words of wisdom to keep you motivated for the rest of January and the upcoming year. Lastly, we are looking for a Treasurer to join our Board. 

Here's to a prosperous and mindful year.

With best regards,

Thamesbank editorial team

The 1p Savings Challenge

With the energy price cap rising in January, and doing an energy comparison to switch no longer offering decent savings, many people are feeling the pinch and finding ways to slash costs.

The 1p challenge is a 365-day (or 366 this leap year) money-saving trick. If you’re successful, you can save £671.61 by the end of 2024.

Get all the hints and tips on how you can make it a successful one this year.

Budget-friendly winter wellness tips 

Stay warm and healthy this winter. As temperatures drop, it's crucial to keep cosy. Get some cost-saving tips including maintaining a constant home temperature, taking precautions to avoid slips, taking Vitamin D and stocking up on essentials.

Get all the tips from our website.

Stop Loan Sharks news: London Loan Sharks Ordered To Pay Back Over £350,000 

Loan sharks were ordered to pay back over £390,000 in the last few months of 2023 following Proceeds of Crime Act hearings.

John Mulvey, aged 57, and Mary Wilding, 71, appeared before Isleworth Crown Court back in February 2020 when they were each sentenced to 12 months in prison suspended for two years after admitting illegal money lending.

The IMLT first executed warrants at Mulvey’s home, in Greyhound Lane, Lambeth and Wilding’s home in Limpsfield Road, South Croydon, back in December 2017. Officers found thousands of pounds in cash as well as loan agreements and loan books. They have now been ordered to pay back a total of £357,719.98.

You can read the full story here.

You can learn more about the Stop Loan Sharks campaign on our website.

Thamesbank Christmas Savings Account

Embrace the joy of the season stress-free! Kickstart your Christmas savings journey with Thamesbank's Christmas Savings Account. By saving from January to December, you'll effortlessly accumulate funds, automatically paid into your account by November's end. Ensure a festive season filled with merriment, without the financial worries. 

Contact us at admin@thamesbank.org to set up your account today!

Words of wisdom

As we're already more than half-way through January, many of you would have set goals and resolutions for the year. Here are some nuggets of wisdom to guide you through the rest of January and the year ahead. 

• Start small, think big: Break down big goals into smaller, manageable tasks. Achieving these mini-milestones will keep you motivated and on track.
• Consistency is key: Whether it's work projects or personal resolutions, consistency breeds success. Establishing routines helps create lasting habits.
• Reflect and adjust: Take time to reflect on your progress. If something isn't working, don't hesitate to adjust your approach. Flexibility is a powerful tool.
• Connect with others: Share your goals with friends or colleagues. Having a support system can provide encouragement and accountability.
• Self-care matters: Amidst busy schedules, prioritise self-care. A healthy mind and body are foundational for achieving any goal.
• Remember, that every step forward counts.

Members noticeboard

We’re hiring!

Looking to give back to your community? We are currently looking for a volunteer Treasurer (part-time) to join our Board of Directors, who will oversee the finances of our organisation.

To find out more about the role and to apply, please visit our website.

Lottery - enter now

As a member of Thamesbank Credit Union, you have the chance to enter the lottery, run by our back-office provider, Credit Union Solutions (CUS).

Each entry is £1, and each member can have up to 10 chances per month.

For all the details,  to enter the lottery and to see past winners, visit the Credit Union Solutions (CUS) website.

Share this newsletter

Please feel free to share this newsletter with your colleagues, friends and anyone else who may be interested in the content within it. 

With thanks from the Thamesbank editorial team.

Thamesbank Credit Union is authorised and regulated by the FCA and PRA Reg. No. 416486. Registered office address: The Bungalow, Pinkwell Lane, Hayes, UB3 1PE

Ethical and affordable finances  |  Helping you to save and borrow

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