Credit Union

The Credit Union is a financial co-operative owned and controlled by its members. It offers savings and great value loans plus they are local, ethical and know what their members want.

Each credit union has a common bond which determines who can become a member. The common bond usually relates to people living or working in the local area.

The Credit Union:

• provides an alternative service to the high street banks and the doorstep lenders. Often those on low incomes are dependent on loan sharks and high interest lenders
• encourages regular saving and thrift
• aims to educate members in money management and offer access to a local debt counselling service when required
• is run by local people who have come together with the aim of taking practical action against financial exclusion.

Local Credit Unions:

• Bedford Credit Union (BCU). To find out more about Bedford Credit Union or how to become a member visit www.bedfordcreditunion.org.uk.

• Milton Keynes Credit Union (MKCU). To find out more about Milton Keynes Credit Union or how to become a member visit www.mkcreditunion.org.uk.