How this organisation operates

As a credit union, this organisation is owned by its members and run for their benefit rather than for profit. Anyone who meets its membership criteria can apply to join and, once accepted, becomes a part-owner of the organisation.

Savings deposited by members are used to fund loans to other members, helping keep interest rates fair and affordable. Any surplus made is reinvested into improving services, supporting members, or strengthening the organisation's financial resilience.

Credit unions are regulated by the Financial Conduct Authority (FCA) and deposits are protected by the Financial Services Compensation Scheme (FSCS), offering the same level of protection as high-street banks.

Who it's typically suited to

Credit unions are often a good fit for people looking for:

• A local, community-based alternative to mainstream banks
• Ethical savings accounts with straightforward terms
• Personal loans with clear pricing and no hidden fees
• Supportive lending decisions that take individual circumstances into account

Membership is usually linked to where you live, work, or a shared association, so availability may depend on your location or eligibility group.