Do you want to keep control of your money? You can with a Credit Union:
What is a Credit Union?
A Credit Union is a profit sharing, democratically run financial co-operative which offers convenient savings and low interest loans to its members. The members own and manage their credit union themselves.
The three main aims of a Credit Union are:
- To encourage its members to save regularly.
- To provide loans to members at very low rates of interest.
- To provide members with help and support on managing their financial affairs (if required).
What are the benefits of a Credit Union?
- It is an easy and convenient way to save and borrow.
- it offers very low cost loans.
- Insurance at no direct cost.
- It's a way to learn new skills.
Credit unions can provide a focal point for a community by bringing people together, to work alongside each other for their own benefit and the benefit of the community as a whole.
A credit union can help to revive the local economy by keeping money in the community. Loans to Members can mean income for local shops and businesses.
What your Credit union can do for you:
- Credit unions offer a range of savings accounts. You to save as little or as much as you can afford.
- Credit unions offer loan products suited to your individual needs at rates you can easily afford.
- As a credit union member, you are in control of your own finances and have a say in how your financial service provider is run.
- Credit unions serve you 'the member' by listening to your needs and developing the products and services that you want.
Look into borrowing from a Credit Union. Credit unions encourage you to save what you can and only borrow what you can afford to pay back. Interest rates are affordable and fair. Some Credit unions can offer loans without you having saved with them first.
- Save regularly
- Borrow when you need to
- Keep money in the community
The Credit Union Network in Nottinghamshire:
There are now two major Credit Unions in Nottinghamshire, providing services for most of the County:
Nottingham Credit Union
Covers the whole of Nottingham and Nottinghamshire. Their main contact points are Maid Marian Way and their shop in Bulwell but they are aiming to provide fuller access in Mansfield later this year. A list of other collection/contact points is below, and they also work with some schools.
Nottingham Credit Union
69 Maid Marian Way
Nottingham
NG1 6AJ
tel: 0115 828 3121
fax: 0115 828 3122
e-mail: info@nottinghamcu.co.uk
web: www.nottinghamcu.co.uk
They provide ordinary savings, Christmas savings accounts, loans and a current account, and are planning to introduce ISAs over the course of the next year.
Nottingham Credit Union - Collection Points (as at 1 March 2011)
| Branch | Collection & Information Point | Days & Times |
|---|---|---|
| City Centre |
69 Maid Marian Way tel: 0115 828 3121 |
Monday: 10:00am - 3:00pm Tuesday: 10:00am - 1:00pm Wednesday: 1:00pm - 5:30pm Thursday: 10:00am - 3:00pm Friday: 10:00am - 3:00pm Saturday: 10:00am - 1:00pm |
| Bulwell Branch |
Bulwell Branch tel: 0115 979 7770 |
Tuesday: 10:00am - 1:00pm Wednesday: 10:00am - 1:00pm Friday: 10:00am - 1:00pm Saturday: 10:00am - 12 noon |
| Mansfield Branch |
44 Langford Road tel: 01623 638 024 |
Mon-Wed: 9:30am - 1:30pm |
|
Aspley Bilborough Broxtowe Strelley |
Action for Children's Centre Action for Children's Centre Action for Children's Centre Broxtowe Partnership Trust |
Friday: 9:30am - 4:00pm Thursday: 12:30pm - 2:30pm Tuesday: 9:30 - 1:30pm Tuesday: 12:30pm - 2:30pm |
|
Beeston Chilwell Stapleford |
Inham Nook Methodist Church Carnegie Centre Beeston Cash Office |
Tuesday: 10:00am - 12 noon Thursday 10:00am - 12 noon Mon-Fri: 8:45am - 4:30pm |
|
Bestwood Bulwell Top Valley |
Southglade Access & Children's Centre Top Valley & Bestwood Children's Centre |
Mon-Fri: 9:00am - 4:00pm Tuesday: 9:00am - 10:30am |
|
Clifton Wilford |
Clifton Cornerstone Southchurch Drive |
Friday: 10:00am - 12 noon |
|
Dunkirk Lenton |
DOLCA (Dunkirk & Old Lenton Comm Assn) Lenton & Dunkirk Partnership Forum Montpelier Road |
Thursday: 10:30am - 11:30am |
| Eastwood |
Eastwood Cash Office Broxtowe Borough Council 15 Nottingham Road Eastwood NG16 3AP |
Mon-Fri: 8:45am - 4:30pm - Money Surgery: Monday: 1:30pm - 3:00pm |
|
Forest Fields Hyson Green Radford |
The Bridge Community Centre 49a Gregory Boulevard Hyson Green |
Wednesday: 10:30am - 11:30am |
| Hucknall | Seymour Road Baptist Church | Thursday: 9:30am - 11:00am |
| Mansfield |
County Contact Barrow Hill Walk Community Centre |
Mon-Fri: 9:30am - 4:30pm Monday: 9:30am - 10:30am |
| Meadows |
Sure Start Children's Centre Kirkby Gardens |
Tuesday: 9:30am - 11:00am |
| Sneinton |
Sneinton Library Sneinton Boulevard |
Saturday: 9:45am - 10:45am |
| St Ann's |
St Ann's Housing Office Nottingham City Homes Robin Hood Chase |
Tuesday: 10:15am - 12:15pm |
| Sutton in Ashfield |
Stanton Hill Community Shop County Contact Community of Christ Church |
Mon-Fri: 9:30am - 3:30pm Mon-Fri: 9:30am - 3:30pm Wednesday: 9:30am - 11:00am |
NCU now also incorporates the Nottinghamshire County Council staff and members’ Credit Union, Oakleaf. See the Intranet for more details.
For more information phone 0115 828 3121 or Freephone (from landline) 0800 093 7090
Worksop and District Credit Union:
Covers the Bassetlaw District and Warsop
Worksop & District Credit Union
62a Bridge Street
Worksop
Notts
S80 1JA
tel: 01909 500 575
e-mail: info@wdcu.org.uk
web: www.wdcu.org.uk
Opening Times:
| Branch | Collection & Information Point | Days & Times |
|---|---|---|
| Worksop |
Bridge Street Worksop |
Mon, Wed, Fri & Sat 10:00am - 2:00pm |
| Manton |
St Paul's Church Hall Manton |
Monday: 6:30pm - 7:30pm |
| Harworth |
Council Offices Harworth |
Tuesday: 10:30am - 12:30pm |
| Warsop |
Town Hall Warsop |
Thursday: 10:00am - 12 noon |
They are hoping to open in Retford and Tuxford shortly.
They offer:
- Regular savings accounts
- Christmas & Holiday savings accounts
- Junior savings accounts
- Saver Loans
- Smart Loans
Credit Unions are regulated by the Financial Services Authority.
