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Credit Union
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Credit Union
Greenwich Credit Union offers an easy way to save money or borrow a small loan for anyone living or working in the borough of Greenwich.
Members make a regular saving each week or month and are eligible to take out their first loan after 3 months.
Loan interest is fixed at 1% per month on the reducing balance so a loan of £500 will cost only £33 paid back over one year.
Greenwich Credit Union is a great way to pay for family holidays, home improvements, birthdays, weddings etc and is used by around 4,000 people in Greenwich.
Benefits include:
annual dividend on savings
very low interest rate
free life insurance on savings and loans
no hidden costs or early repayment fees
savings fully protected by the Financial Services Compensation Scheme.
Greenwich Credit Union is a not for profit business with no external shareholders and operates solely for the benefits of its members and the local community. It was set up in 1998 and has loaned over £11m to its members. It currently looks after more than £2m of local savings.
It is authorised and regulated by the Financial Services Authority and is supported by Greenwich Council and Greenwich Community Health Services.
Find out more
If you would like to join Greenwich Credit Union or find out more information, you can:
go to the Greenwich Credit Union website
call 020 8855 4344
call in at the shop at 48 Thomas St, Woolwich (next to Marks and Spencer).
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