Credit Unions

Credit Unions are community based local savings and loan schemes. Managed and run by trained volunteers, credit unions offer people who live or work in the area a chance to save regularly (by cash, standing order, payroll deduction or at a collection point) and to borrow at a reasonable rate of interest.

Credit unions can enable rural people to access financial services in their own village as collection points can be set up wherever there is the demand and enough volunteers to run them. The Council works with Community First to develop credit unions.

For further information please visit Community First's website (external website - opens in new window)