MEDWAY CREDIT UNION

SAVINGS & LOANS

Savings

Members are expected to establish some ‘history’ with the credit union before applying for a loan. This is a savings period of at least 3 months

Currently there is a limit on Savings of £15,000 per member.

Loans

Money can be borrowed for any legitimate purpose such as:

  • Replacing a household items like a washing machine.
  • To purchase a car.
  • For the holidays or events.
  • For DIY.
  • To pay off credit card bills and consolidate debt (thanks to the cheaper interest rate).

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?

Contact Us

For more information or to get in touch call us on 01634 403335 or complete the form below.

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© 2021 Medway Credit Union

Financial Services Authority Ref: 213130

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