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Credit unions

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Credit unions

Credit Unions logo

A credit union is a community owned 'bank', owned and managed by its members and offers an easy and convenient place to save, and access to low cost loans.

Many credit unions now offer a range of other services including Child Trust Fund accounts, Individual Savings Accounts (ISAs), insurance products, budgeting advice and debt management.

A credit union is a non-profit making social enterprise and is run by local people for the benefit of local people with any surpluses being used for the benefit of its members.

Everyone who lives or works within the credit union area, and any member of their family who lives with them, can join. Many credit unions also have a Junior Savers Section for those under 16 years of age.

For further information, visit the frequently asked questions pages or contact the credit unions in Wales Helpline on 0800 4960865 or email financialinclusion@wales.gsi.gov.uk.

Latest information

News from the online newsroom

Social Justice Minister Carl Sargeant has officially opened Wrexham Credit Union’s new premises following the completion of capital works funded by the Welsh Assembly Government.

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