How could a Credit Union help me?
If you need to borrow money to cover unplanned bills for
essential items why not consider approaching a Credit Union. The
interest charges of a credit union are less than many other sources
of credit. Typically 12.68% APR or 1% per month.
Savings facilities from as little as a £1 per week to save for
that rainy day, is encouraged, with a chance to win £'s in a newly
launched monthly prize linked savings scheme.
Credit Unions provide an important source of credit to people
who may otherwise find themselves excluded from high street sources
and can help prevent people from falling victim to illegal sources
of credit such as loan sharks.
Credit Unions are financial co-operatives owned and controlled
by their members. Members pool their savings together which then
provide funds from which loans can be made. Besides loans and
savings, profits go towards developing the business or are returned
to members in the form of a dividend.
To find out more contact your local Credit Union
Whitehaven – 01946 66755
Cleator Moor – 01946 817508
Egremont - 01946 824476
Millom – 01229 775877