Credit Unions

Credit Unions are a good alternative way to borrow money or to start saving, especially if you are living on a low income.


In order to use a credit union, you must first become a member. They are owned and managed by their members, on a not-for-profit basis. 

With a Credit Union you can save as little or much as you want, and they have some local service points or you can set up a standing order.

As a member you can also apply for a loan. Everyone is considered, even those who would normally be turned down for a loan by a bank. The interest rates are much cheaper than doorstep lenders and the repayments are tailored to your individual circumstances. 

Whatever the purpose of the loan, all lending decisions are based on affordability to repay the loan. Loans are paid direct to your bank or with some credit unions you can apply for a pre-paid visa debit card and your loan will be loaded onto this.

Credit Unions will often offer even better (preferential) interest rates to members who have saved with them prior to taking out a loan.

To find your local credit union and what they offer please visit and use the simple search tool.