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Credit unions provide a substitute for conventional banking institutions and building societies for saving and borrowing

Credit unions provide a substitute for conventional banking institutions and building societies for saving and borrowing

Neighborhood cost cost savings & loans

They could often beat the prices in the street that is high. We explain what are a credit union, the way they keep your money safe, so when they should be used by you.

In this guide

  • Exactly what are credit unions?
    • Credit unions are for all
    • Some offer current accounts & mortgages
    • Find your regional credit union
  • Borrowing from the credit union
  • Preserving by having a credit union
    • Quick access cost cost cost savings
    • Get right up to 1.45per cent in a credit union ISA
    • Are my cost savings safe?
  • Do credit unions do other items?

What exactly is a credit union?

A credit union is community discount & loans provider

Usually, credit unions have already been little, non-profit organisations that are financial up by users with one thing in keeping to profit their community.