Simple savings, sensible loans

Our There for You credit union solution provides UNISON users usage of low-interest loans and a selection of cost savings items through our British system 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 simply just hunting for an alternative that is ethical credit unions might provide simply the perfect solution is.

UNISON has generated a community of credit unions within the UK where users and their loved ones can both save yourself and sign up for low-interest loans – in many situations, through payroll deductions.

We know already how many members are employing payday advances along with other loan that is high-interest – usually 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 safe and accountable method and market wellbeing that is financial.

The advantages for UNISON people

1. Saving having a credit union

Very little you need to open a savings account as £1 may be all. This might be a sensible option whenever you can just manage to save yourself a bit each week or once in a while. As well as your reward for preserving will likely to be that you get a dividend each 12 months – frequently in the order of 2-3% for the quantity you have got conserved.

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 requirements to borrow from high-street loan providers such as for example banking institutions and building communities, some of which have actually tightened their financing requirements because of the recession. Loans come without any charges that are hidden no charges for very very early payment.

Is just a credit union suitable for me personally?

Joining a credit union might be for you personally if you’re enthusiastic about being element of a democratically-led organisation that:

• is for individuals rather than for revenue;
• serves its users first off;
• interests anybody attempting to help their district and economy;
• is devoted to assisting its people enhance their financial situation;
• Offers loans that are fairly-priced to people with imperfect, limited or no credit rating;
• provides a wider variety of cost cost savings and loan items than a number of other loan providers;
• knows the differing banking requirements that mirror an array of income teams;
• is accordingly managed – so is just a safe spot to save your self.

How can a credit is joined by me union?

Some credit unions depend on where you reside or work yet others, such as for instance authorities credit unions, regarding the work you are doing.

Head to our directory and locate one that most readily useful fits you. Then call us or, if you want, click on the backlink to get their web site. If you’re calling a credit union directly, please state you’re a UNISON member and quote reference T4Y.

About credit unions

UNISON has built a system of credit unions since the UK where users and their own families can both save yourself and sign up for interest that is low, most of the time through payroll deductions

Directory

A directory of credit unions over the national nation, organised by area

Credit union enquiry kind

Make an enquiry about credit unions utilizing our online type

With debt or monetary trouble?

If you’re finding it tough to repay current financial obligation, contact UNISON Debtline for suggestions about handling it before you take in any extra debt.

Phone UNISON Debtline Freephone 0800 389 3302.

Available each and every day a 7 days a week day.

If you’re experiencing difficulty because of a unanticipated improvement in your position, such as for example a relationship breakdown or ill-health, you might be qualified to receive economic help.

Available between 9am – 5pm Monday to Friday