Simple savings, sensible loans
Our There for You credit union solution provides UNISON people use of low-interest loans and a variety of cost savings products through our British community of partner credit unions. Whether you’re dissatisfied with present banking plans, are experiencing excessive rates of interest charged by payday as well as other loan providers or just in search of an alternative that is ethical credit unions may possibly provide simply the solution.
UNISON has generated a system of credit unions since the UK where people and their own families can both save yourself and sign up for loans that are low-interest in many cases, through payroll deductions.
We already know simply how many users are utilising payday advances along with other loan that is high-interest – often getting caught in a trap of spiralling financial obligation. UNISON is marketing credit unions as economic and ethical co-operatives that will aid users in a secure and accountable method and market monetary health.
The huge benefits for UNISON people
1. preserving with a credit union
As little as ВЈ1 could be all you have to open a family savings. This may be a smart option if you’re able to just manage to save your self an amount that is small week or once in a while. Along with your reward for preserving 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 lovers could possibly offer loan items – including crisis loans – to users that do not always meet the criteria to borrow from high-street loan providers such as for instance banking institutions and building communities, lots of which have actually tightened their financing criteria as a result of the market meltdown. Loans come without any charges that are hidden no charges for very early payment.
Is a credit union suitable for me?
Joining a credit union could possibly be for your needs if you’re thinking about being section of a democratically-led organisation that:
- is actually for individuals rather than for revenue;
- acts its people above all;
- appeals to anybody attempting to help their community that is local and;
- is dedicated to assisting its people enhance their financial predicament;
- Offers loans that are fairly-priced to people with imperfect, limited or no credit rating;
- provides a wider array of savings and loan items than other loan providers;
- understands the differing banking requirements that mirror an array of earnings teams;
- is accordingly regulated – so is just a safe destination to conserve.
Just how can we join a credit union?
Some credit unions depend on where you reside or work yet others, bad credit auto loans such as police credit unions, regarding the working work you will do.
Head to our directory in order to find one that most useful fits you. Then call us or, if you want, click the url to get their 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 built a system of credit unions within the UK where people and their loved ones can both conserve and sign up for low-value interest loans, quite often through payroll deductions
Directory
A directory of credit unions throughout the national nation, organised by area
Credit union enquiry form
Make an enquiry about credit unions utilizing our online kind
With debt or difficulty that is financial?
If you’re finding it tough to repay current financial obligation, contact UNISON Debtline for suggestions about handling it before using in any extra financial obligation.
If you’re experiencing difficulty because of a unanticipated improvement in your needs, such as for instance a relationship breakdown or ill-health, perhaps you are qualified to receive monetary help.