Council Leader praises Paisley school’s money saving scheme

Renfrewshire Council’s Leader paid a recent visit to a Paisley school to see first-hand how pupils are turning their money saving ideas into a scheme that will benefit pupils.

Councillor Mark Macmillan was so impressed by the credit union being set up by Brediland Primary School that he’s urging Renfrewshire residents to take a leaf out of the pupil’s book joining a local credit union themselves.


The scheme has been set up by the Paisley school and sees young children taking the role of junior bankers as well as saving their own cash.

Councillor Macmillan said: “This is a fantastic way to encourage children to take a responsible approach to money issues. This scheme is giving pupils the right skills and attitude to deal with finances and these are valuable lessons that will hopefully stay with them for life.

“I completely value the role that credit unions play in our community – especially during these tough times by encouraging saving and ensuring access to affordable credit rates.

“My congratulations go to Brediland Primary school for showing an entrepreneurial spirit and taking forward the important issue of financial education. I hope the school’s enthusiasm spills over into the community and I’d urge all local people to consider joining a local credit union.”

Marie-Claire Temple, Head Teacher of Brediland Primary, said: “The Credit Union is run by children for children and is a very worthwhile initiative, which encourages young people to save in a safe way, and fosters in them desirable habits for their future lives.

“Credit unions help families and communities avoid the problems of debt and financial exclusion. In Brediland, we are developing our children’s financial capabilities using our pupil-run credit union, by teaching experiences and outcomes within Curriculum for Excellence and making connections across learning.”

The children are currently undergoing training for the launch of the Brediland Credit Union on Wednesday 11th September.

A photograph of Councillor Macmillan meeting pupils from the school is attached. Please click on the attached link above.

Information from Renfrewshire Council