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• The main purpose of the Credit Union is to promote thrift amongst its members and by the accumulation of their savings create for themselves a fair and reasonable rate of interest.
• Savings can be paid on a regular basis by Standing Order
• Savings receive an annual dividend which is variable and dependent on the surplus made at the end of the financial year.
• The annual dividend is tax free.
• The maximum value of savings, by law, that can be held in a credit union is currently £5,000.

• Interest rate on Loans is just 1p. per £1 per month on the outstanding balance, i.e. 1% per month 12.68% APR
• There are no hidden extras or fees
• Loans are insured so that if you die your loan would be repaid
• A loan to the value of your savings can be taken out when you have saved regularly for six weeks.
• If you have saved regularly for twelve weeks you can take a loan to the value of £200 or 1 1/2 times the value of your savings.
• If you pay your first loan off with no problems then you can take a loan to the value of three times your savings, to a maximum of £5,000 plus savings.
• Loans can be paid back over 3 years.
• Loans can be repaid by Standing Order
• Loans are subject to approval

• All Savings and Loans are covered by free life insurance - AT NO COST TO YOU.