Greenwich 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 three months.

Loan interest is fixed at one per cent 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 and so on, and it is used by around 4,000 people in Greenwich.

Benefits include:

• an annual dividend on savings
• very low interest rates on loans
• free life insurance on savings and loans
• no hidden costs or early repayment fees
• savings fully protected by the Financial Services Authority.

Greenwich Credit Union is a not-for-profit business with no external shareholders, and it operates solely for the benefit of its members and the local community. It was set up in 1998 and has since loaned over £16m to its members. It currently looks after more than £3m 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
• contact them using the details on the right
• call in at the shop in Woolwich in person.