Credit unions provide an ethical alternative to national banks or building societies for borrowing and saving money. There are a range of savings accounts so you can save money fast or in small amounts depending on what you can afford. Many people struggle to get a bank account because of bad credit, but there is help available. If you’re looking for the best ways to save money, then get in touch with our trained debt and money advisers. One Manchester money advisers work closely with both Manchester Credit Union and South Manchester Credit Union. If you can’t get a bank account or credit union account, you can speak to the One Money team on 0330 355 1000 or email firstname.lastname@example.org.
Watch this video to find out about credit unions and how you can benefit from becoming a member.
Credit union loans can help you borrow money if you’re a member, even if you have been turned down by banks. If you need to borrow money with bad credit, then Manchester Credit Union and South Manchester Credit Union can help you do it safely. You can become a member if you’re on benefits or working. There is no need to worry about providing identification as all of their verification processes can also be carried out online. It’s never too late to start saving, so join South Manchester Credit Union or become a member of Manchester Credit Union today!
Save money to live better so that you have enough to last you each week. If you plan ahead and have a budget planner, you might be surprised how much you have saved up. The best way to save money is to work out how much money you get and how much money you spend. You can then make changes to your spending habits and can put small amounts into a bank account or credit union account. A savings account can help you save for a holiday or save for Christmas. This budget planner can help you understand your spending.
There are different types of credit union saving accounts and saving schemes such as the Christmas Club and the Young Saver account. There’s also the PrizeSaver Scheme where you can be in with a chance of winning up to £5,000!
Credit unions are owned and controlled by their members and offer lots of financial services including loans and savings accounts. They are regulated by the Financial Conduct Authority (FCA) and your savings are protected by the Financial Services Compensation Scheme (FSCS) so your money is safe.
We would never advise you to borrow money from loan sharks. They charge very high interest rates and operate illegally. You can report a loan shark or illegal money lender to the Stop Loan Sharks team in full confidence and completely anonymously on 0300 555 2222.