S4M-06973 John Mason (Glasgow Shettleston) (Scottish National Party): That the Parliament welcomes the recent launch of Flexiloan by the Scottish Police Credit Union (SPCU); considers this an ethical alternative to payday loans that will allow SPCU members to withdraw money electronically; notes that SPCU has capped its annual interest rate at 17.9%; considers this to be significantly better than what it sees as the exorbitant rates offered by some lenders; believes that credit unions, which are community-based initiatives driven by their members and not solely for profit, are a key part of society; commends SPCU, which is headquartered in the east end of Glasgow, on rolling out the Flexiloan initiative, and hopes that credit unions across Scotland continue to grow and adapt to serve their members in what it considers is clearly an increasingly difficult economic climate.