Simple savings, sensible loans

Our There for your needs credit union solution provides UNISON people usage of low-interest loans and a variety of cost cost savings services and products through our network that is UK of credit unions. Whether you’re dissatisfied with present banking plans, are suffering exorbitant rates of interest charged by payday as well as other loan providers or just shopping for an ethical alternative, credit unions may possibly provide simply the answer.

UNISON has generated a system of credit unions within the UK where users and their own families can both save yourself and remove loans that are low-interest in many instances, through payroll deductions.

We already fully know exactly how many people are employing payday advances as well as other loan that is high-interest – usually getting caught in a trap of spiralling financial obligation. UNISON is promoting credit unions as economic and ethical co-operatives that will assist people in a secure and accountable method and market wellbeing that is financial.

The huge benefits for UNISON people

1. Saving with a credit union

Very little you need to open a savings account as £1 may be all. This may be a sensible option whenever you can just manage to save your self an amount that is small week or once in a while. Along with your reward for saving will undoubtedly be you have saved that you receive a dividend each year – often in the region of 2-3% of the amount.

2. Borrowing from a credit union

Our credit union partners can provide loan items – including crisis loans – to people who do definitely not meet the requirements to borrow from traditional loan providers such as for instance banking institutions and building communities, profitable site some of which have actually tightened their financing requirements because of the market meltdown. Loans come with no charges that are hidden no penalties for very early payment.

Is just a credit union suitable for me personally?

Joining a credit union could possibly be for you personally if you’re enthusiastic about being element of a democratically-led organisation that:

• is actually for individuals rather than for revenue;
• acts its users above all;
• interests anybody planning to help their district and economy;
• is focused on assisting its people enhance their financial predicament;
• Offers loans that are fairly-priced to people with imperfect, limited or no credit score;
• offers a wider selection of savings and loan items than a great many other loan providers;
• knows the differing banking requirements that mirror many earnings groups;
• is accordingly managed – so is a place that is safe save your self.

Just how can we join a credit union?

Some credit unions derive from for which you reside or work yet others, such as for instance authorities credit unions, from the working job you will do.

Head to our directory in order to find one that most readily useful you prefer. Then e mail us or, if you like, go through the backlink to get their web site. You are a UNISON member and quote reference T4Y if you are contacting a credit union directly, please say.

About credit unions

UNISON has generated a community of credit unions since the UK where users and their own families can both save your self and remove interest that is low, most of the time through payroll deductions

Directory

A directory of credit unions over the national nation, organised by region

Credit union enquiry form

Make an enquiry about credit unions making use of our online kind

With debt or difficulty that is financial?

If you’re finding it hard to repay current financial obligation, contact UNISON Debtline for suggestions about handling it before using in any extra financial obligation.

Phone UNISON Debtline Freephone 0800 389 3302.

Available twenty four hours a 7 days a week day.

If you’re experiencing difficulty as a result of a change that is unexpected your needs, such as for example a relationship breakdown or ill-health, you are entitled to monetary support.

Available between 9am – 5pm Monday to Friday