Credit Unions are “not for profit” financial cooperatives, owned by, and run for, their members, based on the ideal of “people helping people”. So, for rewarding savings and affordable loans, contact one of us to find out more.
Not only are credit unions committed to giving you a really good return on savings, your money is also safe. The government-backed Financial Services Compensation Scheme guarantees to repay deposits up to a maximum of £75,000 in the unlikely event of your Credit Union ‘going bust’.
Credit unions are also fully regulated by the Prudential Regulation Authority and the Financial Conduct Authority, both of which make sure credit unions are well run and can keep going for their members.