Translate the text from English to Welsh.



 
According to a credit unions of Wales survey, a third of people predicted Christmas will affect their ability to pay essential household bills, including rent and mortgages.


The survey also indicated almost half had not set a budget to manage their Christmas expenditure, risking accidentally overspending and pushing debt levels even higher.


This time of year can bring huge pressures for families and can result in increased levels of unmanageable debt. To support families, credit unions deliver excellent work across Wales to provide access to affordable credit and savings.


The Welsh Government has provided more than £1 million of funding to credit unions in Wales in recognition of their work supporting financial inclusion and financial capability. 


Deputy Minister for Housing and Local Government, Hannah Blythyn said:



> “There will be many people struggling and possibly looking to take out some form of credit in the run up to Christmas. Credit unions are a responsible and ethical alternative to payday lenders. Credit unions offer safe and ethical savings and affordable loans for all members of the community.
> 
> 
> “If you are borrowing this Christmas, make sure that it’s manageable and you don’t end up with a financial hangover in January.”


As financial co\-operatives, with no external shareholders, credit unions are able to offer loans at reasonable rates from as little as £50\-£15,000\. Interest on loans is charged on the reducing balance and come with no hidden charges and no penalties for repaying the amount early.


The Deputy Minister added:



> “I know Welsh credit unions are working incredibly hard in the run up to Christmas, providing loans and releasing members’ savings – and I thank them for their commitment.”


In addition to other savings products, credit unions offer Christmas savings schemes that only allow withdrawals in the lead up to Christmas, which helps families at this often difficult and expensive time of year.  


In recognition of their work supporting financial inclusion and financial capability, credit unions have received more than £1m of Welsh Government funding since April 2018 to take forward a variety of projects. 


These projects are aimed at boosting membership by encouraging more people to use the credit union. This includes working with employers to offer payroll savings schemes to support the financial wellbeing of staff. 


For more information visit: Credit Unions Wales







Translation:


 
Yn ôl arolwg gan Undebau Credyd Cymru, roedd un o bob tri yn rhagweld y byddai’r Nadolig yn effeithio ar eu gallu i dalu biliau cartref hanfodol, gan gynnwys rhent a morgeisi. 


Nododd yr arolwg hefyd nad oedd bron i hanner wedi pennu cyllideb i reoli eu gwariant Nadolig – gall hyn arwain at orwario ar ddamwain a gwthio lefelau dyledion hyd yn oed yn uwch. 


Gall yr adeg hon o'r flwyddyn roi pwysau aruthrol ar deuluoedd a gall arwain at lefelau uwch o ddyledion – lefelau na ellir eu rheoli. Er mwyn cefnogi teuluoedd, mae undebau credyd yn cyflawni gwaith rhagorol ledled Cymru i sicrhau bod gwasanaethau credyd a chynilo fforddiadwy ar gael. 


Mae Llywodraeth Cymru wedi darparu mwy na £1m o gyllid i undebau credyd yng Nghymru i gydnabod eu gwaith yn cefnogi cynhwysiant a gallu ariannol. 


Dywedodd y Dirprwy Weinidog Tai a Llywodraeth Leol, Hannah Blythyn:



> "Bydd llawer o bobl yn straffaglu ac o bosib yn ceisio cael mynediad at ryw fath o gredyd yn y cyfnod cyn y Nadolig. Mae undebau credyd yn ddewis cyfrifol a moesegol yn lle benthycwyr diwrnod cyflog. Mae undebau credyd yn cynnig cynilion diogel a moesegol a benthyciadau fforddiadwy i bob aelod o'r gymuned. 
> 
> 
> “Os ydych chi'n benthyca'r Nadolig hwn, gwnewch yn siŵr y gallwch ymdopi ac nad ydych chi’n dioddef gormod ym mis Ionawr."


Fel cwmnïau cydweithredol ariannol, heb unrhyw gyfranddalwyr allanol, gall undebau credyd gynnig benthyciadau ar gyfraddau rhesymol o gyn lleied â £50 hyd tua £15000\. Codir llog ar y balans wrth iddo leihau ac nid oes unrhyw gostau cudd na chosb am ad\-dalu'r swm yn gynnar. 


Ychwanegodd y Dirprwy Weinidog: 



> "Rwy'n gwybod bod undebau credyd Cymru yn gweithio'n eithriadol o galed yn y cyfnod cyn y Nadolig, yn rhoi benthyciadau ac yn rhyddhau cynilion aelodau – ac rwy'n diolch iddynt am eu hymroddiad."


Yn ogystal â chynhyrchion cynilo eraill, mae undebau credyd yn cynnig cynlluniau cynilo Nadolig sydd ond yn caniatáu tynnu arian cyn y Nadolig – er mwyn helpu teuluoedd ar yr adeg anodd a drud hon o'r flwyddyn. 


Er mwyn cydnabod eu gwaith yn cefnogi cynhwysiant a gallu ariannol, mae undebau credyd wedi cael mwy na £1m o gyllid gan Lywodraeth Cymru ers Ebrill 2018 i fwrw ymlaen ag amrywiaeth o brosiectau. 


Nod y prosiectau hyn yw hybu aelodaeth drwy annog mwy o bobl i ddefnyddio undebau credyd. Mae hyn yn cynnwys gweithio gyda chyflogwyr i gynnig cynlluniau arbedion cyflogres i gefnogi lles ariannol staff. Am fwy o wybodaeth ewch i: Undebau Credyd Cymru.