UNISON Benefits: Credit Unions

UNISON Benefits: Credit Unions

Credit unions

Our There for You credit union service offers UNISON members access to low-interest loans and a range of savings products through our UK network of partner credit unions. Whether you’re dissatisfied with current banking arrangements, are struggling with exorbitant interest rates charged by payday and other lenders or simply looking for an ethical alternative, credit unions may provide just the solution.

The benefits for UNISON members

  1. Saving with a credit union

As little as £1 may be all you need to open a savings account. This could be a sensible option if you can only afford to save a small amount each week or every now and then. And your reward for saving will be that you receive a dividend each year – often in the region of 2-3% of the amount you have saved.

  1. Borrowing from a credit union

Our credit union partners can offer loan products – including emergency loans – to members who do not necessarily meet the criteria to borrow from high street lenders such as banks and building societies, many of which have tightened their lending criteria as a consequence of the credit crunch. Loans come with no hidden charges and no penalties for early repayment

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