Medway Credit Union Limited
Financial Services Authority
Ref: 213130
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