Credit Unions are financial co-operatives owned and controlled by their members. They offer savings and great value loans plus they are local, ethical and know what their members want.
Each Credit Union has a “common bond” for e.g it may be for people living or working in the same area. Credit Unions encourage their members to save, protect their savings and offer low-cost loans. Credit Unions are an easy way to save allowing you to plan ahead for expenses and to be better placed to deal with unexpected expenditure.
They allow you to save and borrow without falling into the trap of relying on unsuitable loan sharks, or paying extortionate interest rates.
For more information on Credit Unions, please click here.