Simple savings, sensible loans
Our There for You credit union solution provides UNISON people usage of low-interest loans and a variety of cost savings items through our British community of partner credit unions. Whether youвЂ™re dissatisfied with present banking plans, are fighting exorbitant rates of interest charged by payday as well as other loan providers or just searching for an ethical alternative, credit unions might provide simply the answer.
UNISON has built a system of credit unions since the UK where users and their own families can both save your self and sign up for loans that are low-interest in many situations, through payroll deductions.
We know already exactly how many users are employing pay day loans along with other high-interest loan items вЂ“ frequently getting caught in a trap of spiralling financial obligation. UNISON is marketing credit unions as economic and ethical co-operatives that will assist people in a secure and accountable method and promote wellbeing that is financial.
The advantages for UNISON people
1. preserving having a credit union
Very little you need to open a savings account as ВЈ1 may be all. This may be a sensible option whenever you can just manage to save yourself a bit each week or from time to time. As well as your reward for preserving will undoubtedly be you have saved that you receive a dividend each year вЂ“ often in the region of 2-3% of the amount.
2. Borrowing from a credit union
Our credit union lovers could offer loan items вЂ“ including crisis loans вЂ“ to people that do certainly not meet the requirements to borrow from traditional loan providers such as for instance banks and building communities, some of which have actually tightened their financing requirements as a result of the market meltdown. Loans come without any charges that are hidden no charges for very very early payment.
Is a credit union suitable for me personally?
Joining a credit union might be for you personally if you should be thinking about being element of a democratically-led organisation that:
- is for individuals rather than for revenue;
- acts its users above all;
- interests anyone planning to help their neighborhood and economy;
- is focused on assisting its people enhance their financial predicament;
- offers fairly-priced loans including to people with imperfect, limited or no credit rating;
- provides a wider variety of cost savings and loan items than a number of other lenders;
- knows the differing banking requirements that mirror an array of earnings teams;
- is accordingly managed вЂ“ so is a safe spot to conserve.
How can we join a credit union?
Some credit unions derive from for which you reside or work among others, such as for instance authorities credit unions, in the working work you are doing.
Head to our directory and locate the one which most readily useful fits you. Then e mail 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 community of credit unions within the UK where users and their own families can both save your self and sign up for interest that is low, most of the time through payroll deductions
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 economic trouble?
If youвЂ™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 youвЂ™re experiencing difficulty because of a unforeseen improvement in your position, such as for example a relationship breakdown or ill-health, you might be entitled to monetary help.