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Super League club create credit union loan system to allow fans to stop sale of star players

Salford Red Devils today announced a partnership with the Salford Credit Union in support of the Reds Rise Together campaign.

The Salford Credit Union offer allows supporters to back our bid to become the first elite, community-owned rugby league club and join the Founders Club.

Paul King, Managing Director of Salford Red Devils said:

“Supporters have asked for a route into supporting the campaign through a monthly payment option and the Credit Union offer allows for just that.”

“Salford Credit Union are a local institution with a history of supporting the local community and so we are pleased to have their support with this special campaign.”

Mark Brazendale, Chief Executive Officer of Salford Credit Union said:

“We’re proud to support the Reds Rise Together campaign and be the latest example of Salford supporting Salford. The Club are so important to the community and to enable more local people the opportunity to get involved is really exciting.”

Examples of a Salford Credit Union Loan are:

Loan Amount Term Repayment Interest Rate Charge for Credit Total Payable
£1,000 12 Months £91.86pm 19.90% APR £102.29 £1,102.29
£1,000 52 Weeks £21.07pw 19.90% APR £95.43 £1,095.43

This week King revealed that the Red Devils had turned down a transfer bid for one of their key players.

He said that the club needs this financial sport to avoid losing star players.

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