Medway Credit Union Limited
Financial Services Authority Ref: 213130
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The friendly face of finance
- Cheap flexible loans (as little as £50)
- Low interest rate on loans
- No minimum amount for deposits
- Easy ways to save (cash, cheque, standing order)
- Short saving period to establish some ‘history’ (three
months)
- Currently, all loans are at the same rate of interest however
small
- Savings are safe
- Build your savings even while you borrow
What is the Medway Credit Union?
Credit Unions are not-for-profit community based, financial
co-operatives. The credit union movement is both national and
international with around 160 million members worldwide and
growing. The members are drawn from those who live or work in
an agreed area. The members of a credit union pool their savings
together, which provides a pool of funds from which loans can be
made. It is run by the members for the members, regulated by
the Financial Services Authority. This means that your money is
safe.
Every member is treated equally and if you save regularly you
can become eligible to apply for loans. All loans are at the same
rate of interest, no matter what size, where other providers charge
a higher interest rate for smaller loans.
Members are encouraged to continue saving a modest amount even
when replaying a loan. This means that the pool of money
available for loans continues to grow. Having savings also provides
greater financial security for the members. The amount and
frequency of loan repayments are negotiable but, at present, all
loans must be repaid within three years.
Savings and manageable loans...an offer you can’t
refuse!
Find the Medway Credit Union at:
THE TRAFALGAR CENTRE (INSHOPS)
270 High Street, Chatham, ME4 4BP (Just past Debenhams
towards Tesco)
Tel: 01634 403335
Opening Days and Times are: Friday & Saturday 11am –
2pm
Stay clear of doorstep lenders who charge crippling
rates of interest