Join & save when you borrow

We offer affordable loans and savings plans for co-op people! Whether you’re a member of a co-op or you work for one, you can join and benefit from competitive rates.

You can apply for a loan at the same time as joining the credit union, subject to eligibility. Membership of the Co-op Credit Union is open to members and employees of a wide range of co-ops, societies and retail organisations. See here for more details.

Loans are available from £50 to £15,000 for any purpose – or to consolidate higher-cost debts from other lenders.

How would you like to apply?

How it works

In addition to loan repayments, all members must save a minimum of £10/month, which is taken directly from payroll for qualifying co-op employees, or by direct debit for others. This means you build up savings even when you’re repaying a loan, and savings quickly mount up.

Because we’re a co-op and don’t have outside shareholders to satisfy, we’re able to pass on affordable loan rates to our members.

Borrow from £50 to £15,000 at fair and affordable rates. You can take a look at example loan rates on our loans calculator.

All membership and loan applications are subject to approval.

The Co-op Credit Union uses an online service, which meets the requirements of anti-money laundering legislation, allowing us to verify the identity of new members. If you would rather not be checked electronically you can still send documentation. Please ask for details. If we cannot find out enough information about you, we reserve the right to ask for documentation.

Applying with Nivo

Nivo is a fast and secure messaging service. All conversations through the app are encrypted to keep your information safe and protect your privacy. With Nivo, you will be able to digitally send us the documentation needed to progress your application and to conveniently sign your loan agreements if you’re successful.

Find out more here

Apply for a loan with nivo here

Applying by Nivo is the quickest and most efficient way to apply as you will be able to send documentation electronically. If however, you prefer to complete the process and send documentation in the post, you can apply using an online form here instead.