Credit unions are financial co-operatives owned and controlled by their members. They offer savings and great value loans, plus they are local, ethical and know what their members want.
Bristol Credit Union
Bristol Credit Union (BCU) can help you to save and borrow, while supporting your local community. Any Curo customer can join.
It's operated on a not-for-profit basis, with any surplus profits being returned to members, and people in the community can come together to save ethically and to borrow money at competitive rates.
Once you are a member you can start saving and borrowing with the credit union. They offer a range of different savings accounts, including a Christmas Saver or a children’s account. You can deposit money by standing order, or sometimes direct from your wages.
If you need to borrow money, as long as you're in receipt of a regular income, whether wages, benefits or a pension, then you can apply to borrow from £100 to £15,000, depending on your circumstances. There are no set-up fees or late payment charges, and you can choose to repay back in affordable chunks; weekly, fortnightly or monthly. You may find that you pay back a lot less than you would with a doorstep or money shop loan - and you can use what you save to put towards something else.
You can join online, or you can pop into their branch in Bristol, Monday-Friday, or at the One Stop Shop in Bath, every Thursday 1pm- 3pm.