Credit Unions are financial co-operatives owned and controlled by their members. They offer the facility to save your money and also offer affordable loans. Credit Unions are both local and ethical organisations.
Credit Unions are regulated by the Financial Services Authority and savings are protected by the Financial Services Compensation Scheme.
Safe Savings with your Credit Union
Credit Unions offer savings accounts to meet your needs. There are many advantages with a Credit Union and your money is as safe as a bank or building society.
Advantage of Saving with your Credit Union
Flexible savings to suit your needs – you can save as much or as little as you like, as often as you want.
Save from 50p a week to £5000 – the choice is yours.
Saving money with your Credit Union is easy – you can pay into your account locally at the office or at any of our collection points. In some Credit Unions you can also save by standing order, direct debit or by direct deduction from your payroll. Paypoint outlets can also be used to pay into your Credit Union account.
Some Credit Unions pay an annual dividend on savings of up to 8%.
Opportunity to save for special occasions – such as Christmas or holidays.
Some Credit Unions offer savings budgeting accounts to help you pay your electricity, gas or phone bills.
Free Life Savings Insurance – if you die, your family may receive as much as twice your savings – ask your Credit Union for details of the cover they provide.