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CREDIT unions are set to offer banking services next year in a tie-up with the Co-operative Bank.
In what is seen as a major step change in the development of credit unions in the UK, a selected number, from next autumn, will be able to offer their members a bank account with a debit card which can be used in shops and to withdraw money from cash machines.
Although there will be no chequebooks or overdrafts, account holders will be able to set up standing orders and direct debits.
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