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Credit Union

A 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.

A 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 and loans through a credit union offer a better cost alternative to 'payday loans'
  • 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 for residents in Bedford Borough and Central Bedfordshire. To find out more about Bedford Credit Union or how to become a member visit www.bedfordcreditunion.org.uk.

  • Swan Credit Union for residents in Milton Keynes. To find out more about Swan Credit Union or how to become a member visit http://swancreditunion.org.uk/

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