Credit Unions
Credit Unions offer some fantastic services to help your money to go further through Christmas Saver accounts and other savings accounts that usually pay generous dividends at the end of each year.
Several Credit Unions now offer basic banking services and if you do decide to use them then your money will be safe, as all credit unions are covered by the Financial Services Compensation Scheme under the FSA.
As far as loans go, Credit Unions offer some fantastic rates of interest, especially when compared with doorstep lenders, as illustrated in the table below.
Amount borrowed | Over 52 weeks | Weekly repayment | Total to repay | We save you* |
£250 | Doorstep lender | £8.75 | £455 | £173<£400/p> |
Credit Union | £5.50 | £282 | ||
£400 | Doorstep lender | £14.00 | £728 | £277 |
Credit Union | £8.70 | £451 | ||
£500 | Doorstep lender | £17.50 | £910 | £346 |
Credit Union | £10.90 | £564 |
* based on Provident Personal Credit Typical APR 272.2%
Hull and East Yorkshire Credit Union APR 26.8% Correct as at 15.9.09 All loans subject to approval
For further information on your local Credit Union, contact your Housing Officer or click on one of the links below.
Castle and Minster Credit Union (covering Huddersfield and Dewsbury), Tel. 01484 226666
Hull and East Yorkshire Credit Union, Tel. 01482 778753
Leeds City Credit Union, Tel. 0113 214 5252
North Yorkshire Credit Union, Tel. 01904 676633
Sheffield Credit Union, Tel. 0114 2760787
South Yorkshire Credit Union (covering Barnsley, Doncaster, Rotherham), Tel. 01226 734945 (Please note their website is currently under construction)
White Rose Credit Union (covering Wakefield and district), Tel. 01924 305168
