What is a credit union?
A credit union is a community cooperative, created and run by its members, for the benefit of the membership.
A credit union is a responsible alternative for savings and loans. They have been around in the UK since 1964 and understand individual member’s circumstances. Credit Unions help to provide access to savings and loans that members might not be able to otherwise access. With a focus on what people can afford, credit unions make decisions that benefit members, not external shareholders. They also encourage savings that benefit their communities and help members access money responsibly.