Simple savings, sensible loans
Our There for your needs credit union service provides UNISON users use 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 experiencing excessive interest levels charged by payday as well as other loan providers or just shopping for an ethical alternative, credit unions might provide simply the perfect solution is.
UNISON has built a system of credit unions since the UK where people and their loved ones can both save your self and sign up for loans that are low-interest in many instances, through payroll deductions.
We know already how many users are utilizing pay day loans as well as other loan that is high-interest – frequently getting caught in a trap of spiralling financial obligation. UNISON is advertising credit unions as monetary and ethical co-operatives that will assist people in a safe and accountable method and market monetary well-being.
The huge benefits for UNISON users
1. preserving with a credit union
Very little as £1 might be all you have to start a checking account. This may be a sensible option whenever you can just manage to conserve an amount that is small week or from time to time. Along with your reward for preserving will likely to be which you be given a dividend each 12 months – frequently in the order of 2-3% regarding the quantity you have got conserved.
2. Borrowing from a credit union
Our 
credit union lovers could possibly offer loan items – including crisis loans – to users that do definitely not qualify to borrow from high-street loan providers such as for instance banking institutions and building communities, lots of which have actually tightened their financing requirements because of the market meltdown. Loans come without any charges that are hidden no charges for very early payment.
Is just a credit union right for me personally?
Joining a credit union could possibly be you are interested in being part of a democratically-led organisation that for you if:
- is actually for individuals rather than for profit;
- acts its people most importantly;
- interests anybody planning to help their community that is local and;
- is dedicated to assisting its people boost their financial predicament;
- Offers loans that are fairly-priced to people with imperfect, limited or no credit rating;
- provides a wider selection of cost cost savings and loan items than a great many other loan providers;
- knows the differing banking requirements that mirror an array of earnings teams;
- is accordingly controlled – so is a place that is safe conserve.
Just how can we join a credit union?
Some credit unions derive from where you reside or work among others, such as for instance authorities credit unions, regarding the working task you will do.
Head to our directory and locate one that most useful you prefer. Then e mail us or, if you like, click the backlink to get their site. If you’re calling a credit union straight, please say you’re a UNISON member and quote reference T4Y.
About credit unions
UNISON has built a system of credit unions since the UK where users and their own families can both save your self and sign up for low-value interest loans, in many cases through payroll deductions
Directory
A directory of credit unions throughout the national nation, organised by area
Credit union enquiry kind
Make an enquiry about credit unions utilizing our online type
With debt or monetary trouble?
Before taking on any additional debt if you’re finding it difficult to repay existing debt, contact UNISON Debtline for advice on managing it.
If you’re experiencing difficulty as a result of a unforeseen improvement in your needs, such as for instance a relationship breakdown or ill-health, maybe you are entitled to economic support.