HOW TO JOIN
Your location
To be eligible for membership into the Medway Credit Union, you must live or work in the Medway Council or Swale area.
Your finances
Before you can borrow from the Credit Union you must first show that you are able to put money into your savings on a regular basis.
We ask that all members save for at least 3 months before they apply for a loan. Your first loans will normally be between one-and-a-half times and twice what you have saved. All loans are subject to individual circumstances.
Your commitment
When you become a member you commit yourself to helping the credit union by saving and borrowing with the other members.
Your responsibility
Remember whenever you borrow money from Medway Credit Union, the money you are borrowing is from your fellow members.
A simple comparison about loans
If you borrow £500 to be repaid over a year...
Provident will charge £17.50 per week and you will repay a total of £910.
(Information taken from their website 01.01.2015).
Medway Credit Union (when you've saved for a while) will cost £11.00 per week and you will repay a total of £558.11, leaving you with an extra £351 in your purse - how good is that?