Members of a Credit Union all share a ‘common bond’ by either living or working in the same area or working for the same employer.
Everyone’s savings help to grant low-cost loans to members once they have saved for at least three months. Loans are based on the amount saved.
The interest charged on these loans is used to cover our running costs, and to pay savers a return on their savings in the form of an annual dividend.
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Authorised by the Prudential Regulation Authority. Regulated by the Financial Conduct Authority & the Prudential Regulation Authority. FSA Registration Number: 213560