Wales Credit Union Schemes

Cloth nappies will save you money in the long run but it is money up fron and a great way of avoiding this up front cost is to borrow from your local credit union. They supply low cost loans for any purpose and it's a great way of buying all the cloth nappies you need without breaking the bank. Loans are repaid weekly or monthly whatever suits you best.

 

Caerphilly Credit Union

Credit Unions are not for profit organisations that provide a safe and secure place to save and access low cost loans the maximum amount of interest charged per month is 2% of the reducing balance (APR 26.8%). To be eligible for membership of Caerphilly & District Credit Union you must live or work within Caerphilly or Blaenau Gwent Local Authority Areas. Credit Unions are approved and regulated by the Financial Services Authority (FSA). A loan of £200 repaid over 52 weeks has a repayment of £4.34 total interest if no missed payment £25.38. Members can make deposits at the main office in Caerphilly, Collection Points which can be found across the Boroughs, Standing Orders, PayPoint, Benefits direct into your Credit Union Account and CCBC Cash Offices. For further information please contact Caerphilly and District Credit Union Ltd, ABACUS House, 44 Windsor Street, Caerphilly, CF83 1FW. 029 2088 3751.

 

Bridgend Lifesavers Credit Union

To be eligible for an instant access loan from the credit you must live or work within the County Borough of Bridgend. You will also need to provide proof of income & expenditure. Interest on instant access loan is 2% so a £200 loan paid off over 50 weeks will cost £4.50 a week. If you save for 8 - 12 weeks before you get the loan the interest rate will be lower. For more details please contact Bridgend Lifesavers Credit Union Ltd, Sarn Community Centre, Merfield Close, Sarn, Bridgend, Mid Glamorgan, CF32 9SW. 01656 729 912.

 

Credcer Credit Union Ltd

To be eligible for an instant access loan from the credit union you must live or work within the Ceredigion & the Teifi Valley. Credcer do 3 different kinds of loan:

  1. Department of Work & Pensions loan - available to those on low income on benefits, this is usually only used for emergencies and is charged at 2% interest.
  2. General purpose - There is an application process and interview for these loans but the interest rate is lower at 1%.
  3. General purpose - Quick decision on a loan will make is not as secure so has a slightly higher rate of 2%.

Interest on instant access loan of 1% will mean a loan of £200 paid off
over 52 weeks will cost £4.09 a week. Free life insurance is provided with all loans which pays off loan and covers any savings in the account. There are 8 collection points throughout the Borough where you can pay you weekly or monthly payments. For more details please contact Cathryn Morgan,Credcer Credit Union, 46 St Mary's Street, Cardigan, Ceredigion, Wales, SA43 1HA. 01239 621 408. Or email admin@credcercreditunion.co.uk.


Llanelli Credit Union

To be eligible for a loan from the credit union you must live or work within the Llanelli area. You must save for a minimum of 13 weeks; you will then be eligible to borrow twice the amount of money you have saved i.e. if you have saved £100 you could borrow up to £200. The first loan must be paid back within a year. A typical loan of £200 paid back over 52 weeks will cost £4.15 a week. Free life insurance if provided with all loans. There are several collection points in the area and you can also pay your weekly or monthly payments at selected local Post Offices. For more details please contact Llanelli & District Credit Union. 8 Bridge St,  Llanelli. SA15 3UF. 01554 770867.

 

Islwyn Community Credit Union Ltd - Putting People before Profit

If you live or work in the South Wales Islwyn constituency (Markham, Cefn Fforest, Blackwood, Pontllanfraith, Crumlin, Newbridge, Crosskeys, Risca) you are eligible to join Islwyn Community Credit Union. Regular savings over a minimum of 3 months mean you can apply for a loan. First loans are up to twice what you have in savings. if you have saved £100 you can borrow up to £200. A typical loan of £200 paid back over 52 weeks will cost £4.10 a week, or if paid off over 2 years £1.08 a week. Free life insurance is provided on savings and loans. There are several collection points in the Borough and other methods of making your payments. For more details please contact Islwyn Community Credit Union Ltd, Credit Union Building, Wesley Rd, Blackwood, Gwent, Wales, NP12 1BA. 01495 222832.

 

All Flintshire Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the County Borough of Flintshire. You must save for a minimum of 12 weeks; you will then be eligible to borrow three times the amount of money you have saved i.e. if you have saved £50 you can borrow up to £150. A typical loan of £200 paid back over 52 weeks will cost £3.85 plus interest a week. Free life insurance if provided with all loans. There are several collection points in the Borough where you can pay your weekly or monthly payments. For more details please contact All Flintshire Credit Union Ltd. 2 Cross Street, Holywell, Clwyd, CH8 7LP. 01352 715555.

 

Cardiff Credit Union

To be eligible for a loan from the credit union you must live or work within the County Boroughs of Cardiff or the Vale of Glamorgan. There is no requirement to save with the Credit Union before the loan is taken out but you must save a little each week when repaying the loan. The cost of a typical £200 loan paid back over 12 months is £4.10 a week, this will be rounded up to £5, the extra 90p being put into a savings account. Free life insurance if provided with all loans. You can repay the loan by standing order, at a Post Office using the credit union membership card or by having income or benefits paid directly to the credit union. To get a loan application pack, or for more information please contact Cardiff Credit Union on 02920 872373, Cardiff Credit Union, County Hall, Atlantic Wharf, Cardiff. CF10 4UW, ccu@cardiffcu.com http://www.cardiffcu.com/.

 

Caledfryn Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the county of Denbighshire south of the A55. You must have a minimum of £5 in your savings account to borrow money. There is no minimum amount you can borrow and repayments are tailored to suit individuals. Each loan application is assessed on it own merits. A typical £200 loan paid off over 52 weeks will cost £4.34 a week. Free life insurance if provided with all loans. There are 3 collection points in the Borough where you can pay your weekly or monthly payments, you can also pay into Denbighshire County Council One Stop Shops, via standing order, have your benefits paid straight into you account or via payroll if you work for the NHS, Denbighshire County Council or Craig Bragdy Design. See http://www.caledfryncu.co.uk/english/borrowings.htm for more details or contact Caledfryn Credit Union Ltd, 19 Bridge Street, Denbigh, Denbighshire, LL16 3LF. 01745 817 444.

 

Llandudno & District Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the County of Conwy. To buy real nappies you can apply for a ‘handy loan', once you have made your application it will go to a panel and they will decide whether the loan will be approved or not. A typical £200 loan paid off over 12m will cost around £4.50 a week. Free life insurance if provided with all loans. There are several collection points in the Borough where you can pay your weekly or monthly payments, or you can choose to have a benefit paid directly into your account and can either withdraw the balance or leave it in your account as savings. For more details please contact Llandudno and District Credit Union Ltd, 144 Conwy Rd, Llandudno Junction, Conwy, Gwynedd, LL31 9NP. 01492 580028. http://www.llandudnocu.co.uk/.

 

Clwyd Coast Credit Union Ltd

To be eligible for a loan from the credit union you must live or work North of the A55 from Gwespyr to Pensarn. You must save for 6 weeks before being eligible for a loan. There are then 2 types of loan available. A normal loan with which you can borrow three times your savings, and a ‘handy loan' with which there is no set amount you can borrow it is judged on your ability to repay. A typical £200 loan paid off over 50 weeks will cost around £4.50 a week. Free life insurance if provided with all loans. There are several collection points in the Borough where you can pay your weekly or monthly payments, you can also pay via standing order, debit card, payroll or you can choose to have a benefit paid directly into your account and can either withdraw the balance or leave it in your account as savings. For more details please contact Clwyd Coast Credit Union Ltd, 17/19 Balfor House, Rhyl, Denbighshire, Wales, LL18 1AS. 01745 361274.

 

Merthyr Tydfil Borough Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the County Borough of Merthyr Tydfil. Everyone who wishes to have a loan must have an interview (there is usually a 3-4 week wait for an appointment) and a decision is then made. A typical £200 loan paid off over 45 weeks will cost around £5 a week. (A cheaper rate of borrowing is available if you save with the credit union before taking out a loan). Free life insurance if provided with all loans. There are several collection points in the Borough where you can pay your weekly or monthly payments, you can also pay by standing order or you can choose to have a benefit paid directly into your account to pay off your loan quicker or leave the balance in your account as savings. For more details please contact Merthyr Tydfil Borough Credit Union Ltd, 19 Park Place, Merthyr Tydfil, CF47 0DJ. 01685 377888.

 

Neath Port Talbot Credit Union Ltd

The Credit Union is committed to helping people to start saving, we now have many members who for the first time in their lives can pay for that wedding, holiday or new furniture from their own savings, adults can save as little as two pounds a week and children one pound. We can also lend to our members, we emphasize lend to our members as it is our members pooled money which we lend. Your money is as safe in a credit union as with any major bank or building society.  To be eligible for a loan from the credit union you must live or work within the County Borough of Neath Port Talbot. You must save for a minimum of 6 weeks you can then borrow up to 3 times the amount you have saved. A typical £200 loan paid off over 12m will cost £4.10 a week. Free life insurance if provided with all loans. There are several collection points in the Borough where you can pay your weekly or monthly payments you can also pay by standing order. For more details please contact Neath Port Talbot Credit Union Ltd, 41-43 Windsor Rd, Neath, SA11 1NH. 01639 632 100.

 

Wrexham County Borough Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the County Borough of Wrexham. You are not required to save with the credit union before applying for a loan but must complete an application form and provide additional documents giving details of your income & expenditure. A typical £200 loan paid off over 12m will cost £4.34 a week. A rate of 2% a month and no arrangement or early settlement fees. Free life insurance is provided with all loans (subject to conditions). You can repay your loan by standing order, through you payroll with certain employers (such as Wrexham Council) or with your membership card at the Councils Cash and Estate Offices throughout the County Borough. For more details please contact Wrexham County Borough Credit Union Ltd, 1 North Arcade, Chester Street, Wrexham, Wales, LL13 8BB. 01978 266843 or visit http://www.wrexhamcu.co.uk/.

 

Loans and Savings Abertawe Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within The City & County of Swansea. There are then 2 types of loan available. A normal loan with which you must have saved for a minimum of 6 weeks you are then eligible to borrow three times your savings, this has an interest rate of 1% per month. A ‘handy loan' is also available but does not require you to save beforehand, this has a 2% rate of interest a month. A typical £200 loan paid off over 12 months will cost around £18/19 a month depending on which loan you take out. Free life insurance if provided with all savings and loans. There are several collection points in the Borough where you can pay your weekly or monthly payments, you can also pay at post offices and other outlets with a pay point card. For more information please contact Loans and Savings Abertawe Credit Union Ltd, 17 Cradock Street, Swansea, SA1 3HE. 01792 643632. http://www.lasacreditunion.org.uk/.

 

Robert Owen Montgomeryshire Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within Montgomeryshire. You can be eligible for an instant access loan of £150 to buy real nappies. The loan will be paid back at £3 a week, plus a condition that the customer saves an additional £2 per week (total of £5 a week). Free life insurance if provided with all savings and loans. There are several collection points in the area where you can pay your weekly or monthly payments you can also pay by standing order, have you benefits paid in directly or by using a Pay Point card. For more details please contact Robert Owen Montgomeryshire Credit Union Ltd, 26 Market St, Newtown, Powys, SY16 2PD. 01686 623741.

 

Dragon Savers Ltd

To be eligible to apply for a loan from the credit union you must live or work within the County Borough of Rhondda Cynon Taff. There are 2 types of loan available: the first to those who have joined the credit union and who have saved for at least 8 weeks. This is an unsecured loan. Secondly a secured loan and is available at any time, with the whole of the loan secured against savings held within the credit union. A typical unsecured loan of £200 loan paid off over a year will cost around £4.20 a week. Life insurance is available on credit union savings and loans at no extra cost. There are over 30 collection points in the area where you can pay your weekly or monthly payments you can also pay by standing order or have benefits paid in directly to a your account. For more details please contact Dragon Savers Ltd, 107, Bute Street, Treorchy, CF42 6AU. 01443 777043. http://www.dragonsavers.org/.

 

Y Llechen Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the County Borough of Gwynedd or Anglesey. You must save for a minimum of 8 weeks; you will then be eligible to borrow twice the amount of money you have saved i.e. if you have saved £100 you can borrow up to £200. A typical loan of £200 paid back over 52 weeks will cost £4.10 including interest a week. Free life insurance if provided with all loans. There are several collection points in the Borough where you can pay your weekly or monthly payments. For further details please contact Undeb Credyd Y Llechen Cyf, 41 Pool Street, Caernarfon,Gwynedd, LL55 2AE. 01286 678686.

 

Bargoed Aberbargoed and Gilfach Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the Bargoed, Aberbargoed, Gilfach or Britannia areas. You must save for a minimum of 13 weeks; you can then apply to borrow twice the amount of money you have saved i.e. if you have saved £100 you can borrow up to £200. A typical loan of £200 paid back over 43 weeks will cost £5 a week including interest (12.6APR). Loans fully secured by savings are at a lower rate of interest. Free life insurance is provided with all loans. There are several collection points throughout the area where you can pay your weekly or monthly payments; you can also pay by Paypoint Card, Standing Order or Payroll Deduction. For more details please contact Bargoed Aberbargoed and Gilfach Credit Union Ltd 47 Commercial Street, Aberbargoed, CF81 9BT. 01443 838605 bagcredunion@aol.com. Bargoed Aberbargoed and Gilfach Credit Union Ltd is registered and authorised by the Financial Services Authority.

 

Splotlands Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the Splott, Tremorfa or Adamsdown areas. You must save for a minimum of 12 weeks; you will then be entitled to borrow twice the amount of money you have saved i.e. if you have saved £100 you can borrow up to £200. Splotland Cerdit Union run a flexible repayment scheme where there is no set amount to repay and you can spread the cost over 3 years. Free life insurance if provided with all loans. There are several collection points in the Borough where you can pay your weekly or monthly payments, or you can pay by standing order. For more details please contact Splotlands Credit Union Ltd, 34 Splott Road, Splott, Cardiff, CF24 2DA. 0292 033 4500.

 

Newport Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the City and County of Newport. You must save for a minimum of 13 weeks. A typical £200 loan paid off over 18m will cost between £3 and £4 a month. Free life insurance if provided with all loans. There are several collection points in the Borough where you can pay your weekly or monthly payments you can also pay by standing order. For more details please contact Newport Credit Union Ltd, 5 Market Arcade, High Street, Newport, NP20 1FS. 01633 214 913.

 

Afan Community Credit Union

To be eligible for a loan from the credit union you must live or work within the County Borough of Neath Port Talbot. You must save for a minimum of 13 weeks you can then borrow up to twice the amount you have saved. A typical £200 loan paid off over 12m will cost £4.10 a week including interest. Free life insurance if provided with all savings and loans. There are several collection points in the Borough where you can pay your weekly or monthly payments you can also pay by standing order. For more details please contact Afan Community Credit Union. 33 Commercial Road, Tailbach, Neath, SA13 1LN. 01639 888282.

 

Llynfi Valley Credit Union Ltd

To be eligible for a loan from the credit union you must live or work in Maesteg or the surrounding area. You must save for a minimum of 13 weeks you can then borrow up to twice the amount you have saved. A typical £200 loan paid off over 12m will cost £4.34 a week including interest. For more details please contact Llynfi Valley Credit Union Ltd, 15 Talbot Street, Maesteg, Bridgend, CF34 9BN. 01656 736 267.

 

Vale of Glamorgan Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the Vale of Glamorgan. You must save for a minimum of 8 weeks you can then borrow up to twice the amount you have saved. A typical £200 loan paid off over 52 weeks will cost £4.09 a week including interest. Free life insurance if provided with all savings and loans (from age 18 - 65, subject to pre existing conditions). There are several collection points in the Borough where you can pay your weekly or monthly payments you can also pay by standing order or by using a Pay point card. For more details please contact Vale of Glamorgan Credit Union Ltd, 115 - 116 Broad Street, Barry, Vale of Glamorgan, South Glamorgan, CF62 7AL. 01446 722 022.

Haven Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the County Borough of Pembrokeshire. You must save for a minimum of 12 weeks you can then borrow up to twice the amount you have saved. A typical £200 loan paid off over 12 months will cost around £4.10 a week including interest. Free life insurance if provided with all savings and loans. There are several collection points in the area where you can pay your weekly or monthly payments you can also pay by standing order. For more details please contact Haven Credit Union Ltd, 44 Charles Street, Milford Haven, Pembrokeshire, SA73 3AE.  0164 6694080.

 

Brecon Credit Union

To be eligible to apply for a loan from the credit union you must live or work within the district of Brecon. You must save for a minimum of 12 weeks you can then borrow up to three times the amount you have saved. A typical unsecured loan of £100 loan paid off over a year will cost around £8.88 a month. Life insurance is available on credit union savings and loans at no extra cost. There are several collection points in the area where you can pay your weekly or monthly payments. For more details please contact Brecon Credit Union. 9 Cwrt Afon, 15/16 Castle St, Brecon. LD3 9BU. 01874 620104. Or e-mail breconcu@btconnect.com or visit www.brecon-credit.org.uk.

 

Red Kite Credit Union

To be eligible to apply for a loan from the credit union you must live or work within central Powys (see website for geographical area). You must also pay £1 to become a member. A typical unsecured loan of £200 loan paid off over a year will cost around £4.09 a week. Life insurance is available on credit union savings and loans at no extra cost. There are 7 collection points in the area where you can pay your weekly or monthly payments. For more details please contact Red Kite Credit Union. 20, Market St, Builth Wells, LD2 3EA. 01982 551000. enquiry@redkitecreditunion.co.uk www.redkitecreditunion.co.uk.

 

Gateway Credit Union Ltd

To be eligible for a loan from the credit union you must live or work within the County Boroughs of Monmouthshire or Torfaen. There are then 2 types of loan available. A ‘Save as you borrow' loan with which you must have saved for a minimum of 8 weeks you are then eligible to borrow twice the amount of your savings. A typical £200 loan paid off over 12 months will cost around £4.09 a week including interest. A ‘handy loan' is also available but does not require you to save beforehand. A typical £200 loan paid off over 12 months will cost around £4.33 a week including interest. Life insurance is available on credit union savings and loans at no extra cost. There are 6 collection points in the area where you can pay your weekly or monthly payments. For more details please contact Gateway Credit Union Ltd, 21 Commercial St, Pontypool, Torfaen. NP4 6JQ. 01495 750020. http://www.gatewaycu.co.uk/.

 

Landsker Credit Union

To be eligible for a loan from the credit union you must live or work within the County Borough of Pembrokeshire or Carmarthen. Once you have made your application it will go to a panel and they will decide whether the loan will be approved or not. A typical £200 loan paid off over 12m will cost around £4.50 a week. Free life insurance if provided with all loans. There are several collection points in the Borough where you can pay your weekly or monthly payments you can also pay by standing order or by using a Pay point card. For more details contact Landsker Credit Union, Picton Tce, Spring Gardens, Narberth. SA67 7BN. 01834 861382. Landskercreditunion@btconnect.com http://www.landskercreditunion.co.uk/