West Cheshire Credit Union

Are you looking to get on track with your finances in 2024?

With the cost of living crisis in full effect, now more than ever it’s important to have a little something to fall back on. We encourage savings of £1 a week to help with the unexpected bill that may occur or to start saving little and often for Christmas.

What is a credit union

A credit union is a financial co-operative which provides savings, loans and a range of services to its members. A credit union is owned and controlled by the members. Credit unions are not-for-profit organisations and any surplus generated at the financial year end is put back into the running costs of the credit union or paid as a dividend to its members. As we are not owned by external shareholders the emphasis is always on providing the best service to our members and not maximising profits. The credit union is accessible to those within our common bond. A common bond is the area each credit union serves and their criteria. West Cheshire Credit Union’s common bond is for those who live, work or study within Cheshire West, Cheshire East, and Flintshire. If you fall within this, you can apply and become a member.

The Peoples’ Community Bank

Did you know saving with your credit union helps your community? The more money saved with the credit union means that we can help more people who may need to loan money to get them through difficult times. All money saved with the credit union is protected and you have access to your money at any time.

Credit union myths and facts

There are many myths surrounding credit unions, here are some of the examples and correct facts.

• Credit unions are only accessible for those claiming benefits – this is incorrect, credit unions are for everyone of all walks of life.

• We are regulated and a safe secure way to save and borrow.

• Owned by members, and members are encouraged to give feedback.

• Directors are all volunteers, and do not take any payment for their services.

• Savings stay within the local community and is managed to provide accessibility to affordable loans.

A range of saving products are available

• Saver Account – our standard account.
• Junior Savers Account – pays a competitive 5% interest.
• Payroll Scheme – saving direct from your salary.

If you are interested in saving with us, please get in touch. You can become a member of West Cheshire Credit Union by completing our online form or alternatively you can call into one of our branches and speak to someone face to face.

https://wccu.co.uk/

Head Office – 12-16 Brookdale Place, Chester, CH1 3DY (opposite the bus station).

Ellesmere Port - The Portal, Wellington Road, Ellesmere Port, CH65 0BA.