Angus Credit Union

 

 

 

Credit unions are regulated by the Financial Services Authority, just like banks and building societies. They all have insurance to cover against theft or fraud, and have checks and controls over their day-to-day running.

A credit union is a money co-op, owned and run by its members to help people save money and offer affordable loans with no hidden charges.

You can save as often as you like and as little or as much as you like (up to certain legal limits). Even a small weekly amount soon adds up! The money that a credit union makes from the interest on loans covers its costs and the rest is returned to the members each year as a dividend on savings. The amount varies from one credit union to another, but can beat high street rates.

Credit unions are regulated by the Financial Services Authority, just like banks and building societies. They all have insurance to cover against theft or fraud, and have checks and controls over their day-to-day running.

All credit unions are based on a common bond. That means members have a link - they might live in the same area or work in the same industry. The common bond is what makes a credit union so different from a big corporation like a bank.

For more about the union in Angus, check out their website at:-  www.anguscreditunion.co.uk

 

 

 

 

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