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.

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6 benefits of credit unions

We are an ethical alternative to big banks and payday lenders

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Unity is strength
Made by retail workers, for retail workers

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Payroll Deduction
Make payments directly from your wages

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We aren't robots
We take a personal look at each application

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Life Insurance
Free Savings Life Insurance up to £20k for all members

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Bring your family
Family members can also save and borrow with us

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Funds protected
By Financial Services Compensation Scheme

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Who are Voyager Alliance?

Alliance Credit Union was founded in 1984 and Voyager Credit Union was founded in 1992. The two Credit Unions merged in September 2006 to become Voyager Alliance Credit Union.

In 2008 Wayfarer Credit Union based at Manchester Airport also merged with Voyager Alliance to form the Credit Union we have today.

The head office is located in Manchester, we also have an office in Manchester Airport. Additionally we have 135 volunteer representatives at work places throughout the country.

Voyager Alliance has grown steadily over the years and is now one of the UK's largest credit unions offering a wide range of financial products.

In 2016, a report from Co-operatives UK recognised the significant role the credit union movement has played in the growth of the wider co-operative sector. British credit union membership has doubled over the last decade to more than 1.2 million, while the sector's assets have trebled to more than 1.3 billion.

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Payroll deduction [Converted]

Payroll Deduction

If you work for one of our Payroll Partners, you can set aside a regular sum of money from your wages or salary.

Payroll deduction makes managing your finances effortless, it's also really easy to set up and amend later. It simply sets aside a fixed sum from your salary or wages into your savings or loan account each time you get paid.

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Payroll Partners List

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We aren't robots

Our members are unique, so when you apply for a loan we look at your circumstances and approve a wide range of applicants - not just if the computer says yes.

High street lenders give their best rates to applicants with good credit. We aim to help as many people as possible to borrow without using high-interest payday loan companies.

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Loan Calculator

Life insurance [Converted]

Savings Life Insurance

When you open a members account and start saving with Voyager Alliance, you automatically qualify for free Savings Life Insurance.

Our Group Life Insurance Scheme covers all of our members' savings accounts, for total peace of mind when you save with Retail Credit Union. In the event of your death, the Credit Union will double your savings up to a maximum of £20,000, meaning that you could provide your family with up to £40,000!

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Become a member

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Bring your family

Once you become a member of Voyager Alliance, you are eligible to stay a member for life - even if you stop working in retail.

Not only this, but the moment you become a member, any family living at the same address are also eligible to join the Credit Union. This means that the whole family can access our savings, loans, and bespoke financial education.

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Safe

Savings protected

Your eligible deposits with Voyager Alliance are protected up to a total of £85,000 by the Financial Services Compensation Scheme.

This is the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered, which is why we have capped our savings limit at £85,000.

Please click here to read "A Guide to the Financial Services Compensation Scheme" or visit www.fscs.org.uk

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© Voyager Alliance Credit Union | We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulatory Authority. Our FRN is 213596.