Say hello to The Money Co-op – the new home of The Co-op Credit Union find out more

What is a credit union?

A credit union is a financial co-operative owned and operated by its members.

Unlike banks, credit unions are not-for-profit, meaning any surplus goes back to members in the form of better rates and services, and an annual dividend – (like interest) paid on savings, based on our financial success.

At The Money Co-op, your money works for you and your community, not for profit.

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Some examples of how we help our members

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    Sophie’s Consolidation Loan

    Sophie found herself juggling several credit card payments and high-interest loans, making it hard to stay on top of her finances.

    She turned to the credit union for a consolidation loan. With one affordable monthly payment, she reduced her overall interest and cleared her debts faster.

    Now, she feels back in control of her money and less stressed about her finances.

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    Piotr’s Payroll Savings

    Piotr found it difficult to save, but when he heard about the credit union at work, he thought he’d give it a try.

    He saves £10/month from his wages, and over time, he’s built a safety net for life’s unexpected expenses. When his washing machine broke, he was relieved that he could dip into his savings instead of borrowing.

    Now he recommends it to all his colleagues as it’s an easy way to save without noticing it go out.

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    Alison’s Savings with a purpose

    Alison wanted to save with an organisation that shared her values, so she joined the credit union.

    She loved the fact that her savings would help support other members through affordable loans. It gives her peace of mind knowing that if she ever needs it, she’ll have access to those loans too.

    For Alison, it’s a win-win: saving with purpose and security.