CREDIT UNIONS FOR ALL

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There are 40,258 credit unions in 79 countries around the world

CREDIT UNIONS FOR ALL

Helping the community

Giving help & advice to the financially excluded

Getting people to start the discipline of saving

Protecting the community from high-APR doorstep Lenders

CREDIT UNIONS FOR ALL

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CREDIT UNIONS FOR ALL

 Authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and

the Prudential Regulation Authority

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CREDIT UNIONS FOR ALL    In the past three decade people in Great Britain have

achieved a better way of life through participation in their Credit Union

   

A credit union is a group of people who save together and lend to each other at a reasonable rate of interest 

    Today thousands of members enjoy the benefits of credit unions by saving together and borrowing

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CREDIT UNIONS FOR ALLReasons for joining

      To encourage thrift by helping themselves save on a regular basis building up a fund for money for their own benefit and that of other members.

 

    To create a source of credit for the benefit of members at a fair and reasonable rate of interest.

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CREDIT UNIONS FOR ALL Self Help

Any group of people sharing a common bond can form a credit union.

 

Every eligible person has the right to join an existing Credit Union.

 

All depending on where you live or work there is more than

one choice of credit union

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CREDIT UNIONS FOR ALL Credit Union and you

 

The members decide on the distribution of surplus at year end September each year (DIVI)

 

The management is of a voluntary nature (elected by the members at the AGM)

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CREDIT UNIONS FOR ALL   Membership Offers

  Easy way to save

Access to low cost loans

  Flexible repayment terms

  Revolving credit, carousel loans

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CREDIT UNIONS FOR ALL     Membership Offers

     No arrangement fee

     No early redemption penalty

     No final settlement fee

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CREDIT UNIONS FOR ALL  Membership Offers

 

Valuable Life savings and loan protection insurance at no cost to you

 

Christmas club

 

Credit Union current Account

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CREDIT UNIONS FOR ALLLocal Credit Unions

Membership is for anyone living or working in the Metropolitan Borough Rochdale Townships

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Local Credit Unions

Christmas club

Savings account

Loan account

Budget account

Credit Union current Account

Prepaid card

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CREDIT UNIONS FOR ALL    Local Credit Unions

    Membership is employee based Credit union  Interest on Loans remains at 1% and below Dividend 2012 was paid at 2.75%

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Payroll DeductionThis service can be set up with agreement

of Your Your

Employer Savings

CREDIT UNIONS FOR ALL

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CREDIT UNIONS FOR ALL  Local credit Unions      

The largest independent Transport Credit Union operating in England and Wales

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CREDIT UNIONS FOR ALLOn The Buses

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CREDIT UNIONS FOR ALLLocal Credit UnionsBacupThe Credit union for living and working in and around Bacup

Share accounts

Christmas savings account

Loan account

Junior savings account

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CREDIT UNIONS FOR ALLLocal Credit UnionsBacupThe Credit union for living and working in and around Bacup

Prepaid card

Budget account

Funeral Plan

CREDIT UNIONS FOR ALLOther National credit unions

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CREDIT UNIONS FOR ALLLocal Credit unions

The Credit Union for all Police, Staff and Family members

CREDIT UNIONS FOR ALL

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Loans are available for all members of up to £25,000 unsecured and £100,000 secured. (Current guidelines)

Maximum term for unsecured loans is 90 months and 25 years for secured. (Current guidelines)

Top up loan facility available.

All loans include life cover up to age 65 at no cost to the member, so in the event of death the loan will be cleared.  

CREDIT UNIONS FOR ALL

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Local credit Unions

Share accounts

Holiday account

Christmas savings account

Housing Benefit account

Loan account

Junior savings account to age 16

.

CREDIT UNIONS FOR ALL

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CREDIT UNIONS FOR ALLPrepaid Visa Debit Card

 

The Credit Union Prepaid Card works like a pay-as-you-go Visa card.

You 'load' money onto the card through your credit union,

 

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CREDIT UNIONS FOR ALLPrepaid Visa Debit Card

You can also obtain cash back when you make purchases in person

The Credit Union Prepaid Card costs less than £5.00 to purchase (check with your credit union)

     There are small fees for loading and using the card 

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CREDIT UNIONS FOR ALLSafety for the member

Credit unions are covered by the Financial Services Compensation Scheme (FSCS),

All your money is just as safe as it is with regulated financial institutions

Up to the value of £85,000

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CREDIT UNIONS FOR ALLTogether We Can  Open a pop in shop

Ask firms to back local Credit Union

Be a Director

Start a young savers club in the local School

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CREDIT UNIONS FOR ALLTogether We CanRecruit families to join, save and borrow

Recruit friends neighbours to join

Recruit credit union volunteer champions

Run credit union stations

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CREDIT UNIONS FOR ALL

Remember alwaysThe members run the Credit UnionThe members own the Credit UnionThe members grow the Credit Union

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CREDIT UNIONS FOR ALL

Thank you for listening Jim Clancy

Training Coordinator

Greater Manchester Forum of Credit unions

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CREDIT UNIONS FOR ALL