An Alternative Way to Save & Borrow

What is a Credit Union ?

An alternative way to save and borrow.
It is a savings and loads co-operative, owned and run by its members.
It works by members saving together regularly; this creates a pool of money from which low cost loans can be made.
It is based in the local community, supported and run by local people.

What are the Benefits to Being a Member ?

• You can save as much or as little as you like, as often as you like.
• You can control your finances by regular saving for the future.
• You may withdraw some or all of your money from the office at any time, subject to loan requirements.
• Payments can be made at your local collection point, at the office or by standing order.
• You can have any number of your benefits or allowance paid into your savings account, including individual Housing Allowances.
• Loans available at competitive rates.
• Free Life Insurance and Loan Protection, at no extra cost to you.
• All staff and volunteers abide by a pledge of confidentiality. Your financial affairs are a private matter.
• The Financial Services Authority regulates Credit Unions so members are assured that their money is safe.