Credit Unions
What is a credit union?
A non profit making organisation working to improve the lives of it’s members and to lift up the communities in which they operate
Offers a convenient saving and low interest loan service to members
How do I become a member?
- Anyone living/working within the credit union boundaries can apply
- Visit your local credit union to open an account
- Pay a small membership fee
Are Credit Unions insured against fraud/robbery?
Yes.
How much do I have to save?
As little or as much as you like preferably on a regular basis.
How do I get a loan?
You can apply if you have been a member for at least three months.
What can a Credit Union offer me?
- Very low cost loans
- A dividend on your savings
- Free life savings insurance on your savings
- No hidden fees or transaction charges
- An easy way to save
- Free loan protection
- Local and approachable
- Help to run your Credit Union, learn new skills and make new friends!
How do I contact my local Credit Union?
Nearly all of Birmingham, Coventry and Walsall are covered but if you can not find your area listed, contact the relevant Credit Union Development Agency for advice:
SOUTH BIRMINGHAM - Communisave Credit Union LTD, Stirchley Community Centre, 1326 Pershore Road, Birmingham, B30 2XS. Telephone: 0121 486 2035.
WALSALL - Walsgrave Credit Union, 181 High Sreet, Bloxwich, Walsall, West Midlands, WS3 3HL. Telephone: 01922 653 310.
SANDWELL - 6 Towns Credit Union, 382 High Street, West Bromwich, West Midlands, B70 9LB. Telephone: 0121 553 3110.
COVENTRY - Coventry West Credit Union, Charles Street, Coventry, CV1 5NP. Telephone: 02476 633 456.
BEDWORTH - Bedworth & Bulkington Credit Union, 49A King Street, Bedworth, CV12 8JD. Telephone: 02476 311 999.
BRIDGNORTH - Just Credit Union, The Shire Hall, Abbey Foregate, Shrewsbury, SY2 6ND. Telephone: 01743 525 325.
Other useful links:
Debt Advice www.creditaction.com
National Debtline www.nationaldebtline.co.uk