Our There for You credit union solution provides UNISON people usage of low-interest loans and a selection of cost cost savings services and products through our British community of partner credit unions. Whether youвЂ™re dissatisfied with present banking arrangements, are fighting excessive rates of interest charged by payday and other lenders or just searching for an alternative that is ethical credit unions might provide simply the answer.
UNISON has built a community of credit unions within the UK where users and their loved ones can both save your self and sign up for low-interest loans вЂ“ in many situations, through payroll deductions.
We already fully know just just how many users are employing payday advances along with other loan that is high-interest вЂ“ usually getting caught in a trap of spiralling financial obligation. UNISON is marketing credit unions as monetary and ethical co-operatives that will aid people in a safe and accountable method and market wellbeing that is financial.
The advantages for UNISON users
1. preserving with a credit union
Very little as ВЈ1 might be all you have to open a family savings. This might be a smart option whenever you can just manage to save yourself an amount that is small week or from time to time. Along with your reward for preserving will soon be you have saved that you receive a dividend each year вЂ“ often in the region of 2-3% of the amount.
2. Borrowing from the credit union
Our credit union lovers will offer loan items вЂ“ including crisis loans вЂ“ to users that do certainly not qualify to borrow from traditional loan providers such as for instance banks and building communities, some of which have actually tightened their lending requirements because of the market meltdown. Continue reading