New Manx Credit Union officially launched

The Island's newest financial institution has opened its doors to the public.

The Manx Credit Union, based on North Quay in Douglas, officially opened yesterday although it's been opening new accounts for the last three months.

The idea is to give people an alternative to banks and building societies for saving and borrowing money - it's aimed at people who may find themselves excluded from mainstream financial services.

Speaking on launch day David Talbot, who campaigned to set up the organisation, said it's a proud moment: