Plans for a Manx Credit Union will be unveiled at a Positive Action Group meeting on Monday.
The Manx Credit Union Working Party will present on the benefits of a community finance model, and explain how it differs from highstreet banking.
They will be joined by Dawn Vear - Operations Manager of UK Credit Unions Ltd.
Savers in a Credit Union automatically become "shareholders" of the organisation, and David Talbot, chairman of the working party, says this increases its community focus: (play audio)
The meeting begins at 7.30pm at the Manx Legion Club, Market Hill in Douglas.
More information about plans for a Manx Credit Union can be found at mcu.im.
Clip 1
Campaigner threatens legal action over Island's Assisted Dying Bill
Fishermen have herring quota cut for 2026
MHK welcomes move towards 'international best practice' over Budget process
Election candidate claims public meeting attendance 'unbalanced'