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What Is A Credit Union?
Who can join a credit union and how?
Is it democratic? Can it be bought out or taken over? Is it ‘Regulated’ in any way?
Can the people running it be trusted with the money of others?
Is there an investment return on my savings?

How does a Credit Union trade?

How are loans applied for and how much can be borrowed?
How much can be borrowed?
Are those with previous poor credit records able apply for a loan?
Complaints - how are these dealt with?
What makes credit unions work the 5 Ps
Whats in it for the owner-members?

Who can join a credit union and how?  

All of those people, regardless of age, who have a proven legal affinity with each other – often called a “Common Bond” or “Legal Field of Membership”, living or working in a defined area, such as a County, Local Authority area, workplace, Trade Union or professional association and other combinations, the Consultancy can provide information on constructing a legitimate “Common Bond” on request.

Completing an application form (with assistance if necessary), making a commitment to save and provide proof of identity and residence – legal requirements. An increasing number of credit unions have an “on-line” facility for this process.


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