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Why Use a Credit Union Video

Why Use a Credit Union


What are the benefits of joining a Credit Union?

Key Benefits of Credit Unions:

  • Loans at low rates of interest (typically between 1% - 2% apr)
  • Annual dividend on savings
  • A wide range of quality financial products and services
  • Tailored financial solutions
  • Regulated and authorized by the Financial Conduct Authority and the Prudential Regulation Authority (the same as banks)
  • Savings protected by the Financial Services Compensation Scheme (up to £75,000 - the same as banks)
  • Ethical financial organizations - not driven by profit
  • Easy to join and local

Credit unions across Glasgow offer existing and prospective members an extremely impressive portfolio of high quality and professional financial products and services for everyone from every background:

Choosing which credit union to join really depends on your financial requirements and which financial products and services suit your needs:

Credit Union Financial Products and Services Include:

  • Savings Accounts/Dividends
  • Foreign Currency
  • Mortgages
  • Payroll Deduction
  • Revolving Credit
  • Direct Debit/Standing Orders 
  • Christmas Savings Plans
  • Funeral Protection Plans
  • Low cost loans
  • Instant Loans
  • On-line Banking
  • DWP Benefits/Pre-paid Cards
  • Pre-paid  Debit Cards
  • Free Life Insurance
  • Bill Paying Services
  • Junior Savers Accounts