MEDWAY CREDIT UNION
Authorised and regulated by the Financial Conduct Authority
The friendly face of finance in your community.
Do you live or work in the Medway Towns or the borough of Swale?
If so, then you can become a member of the Medway Credit Union.
How to join
Savings and loans
FAQ
What is the Medway Credit Union?
Like all credit unions, of which there are hundreds in the UK, we are a financial co-operative; owned, controlled and run by the members. We save together to provide a pool of money from which members can apply for a loan at affordable rates. Money saved with the credit union is protected by the Financial Services Compensation Scheme.
Medway Credit Union Limited is authorised and regulated by the Financial Conduct Authority (Reference no: 213130). The Directors have been approved by the FCA. All staff are volunteers who offer their time to assist in the running of the Credit Union Members are encouraged to continue saving a modest amount even when repaying a loan.
Nearly 900,000 people in Great Britain save with their local credit union and many more are joining every month. They know their money is safe with the credit union.
The Medway Credit Union was established in 1999.
Where do the Credit Unions get their income from?
The interest from the loans provides income for the credit union. Although all the staff are unpaid volunteers, it costs money for the overheads.
The future of Medway Credit Union
We have widened our Common Bond to take in people who work and/or live in Swale. The only way a credit union can succeed is by gaining a continuously growing pool of members who will save together, take out loans and thus provide income.