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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
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