Northamptonshire Credit Union
Corby Borough Council supports the Northamptonshire Credit Union that can offer financial service to suit your needs. There are many advantages to saving and borrowing with us and your money is as safe as it would be with any bank or building society. Whether you are looking to save towards a family holiday, get access to affordable credit to buy a new household item, or simply need somewhere to receive your salary or benefits each week the NCU can help. Anyone living or working in Northamptonshire or the Cherwell district of Oxfordshire can join.
Borrowing from the NCU is simple and affordable. You can apply for a loan as soon as you become a member of the credit union and we specialise in providing personal loans up to £10,000. Loan applications are assessed on your ability to repay, not just your credit history. This means that we do not discriminate against people with poor credit histories. With our loans, the interest rate you pay remains fixed over the lifetime of the loan, helping you to plan for the future. Unlike many other lenders we will not charge you for setting up the loan, repaying the loan early or making overpayments.
Every member of the NCU automatically has access to a savings account. You can use this account to save for whatever you want. Maybe it’s to help with buying the children’s school uniforms or to save towards the holiday of a lifetime! All members are encouraged to make regular deposits into their account. You can save as little as £1 a week or £5 a month. We also offer additional savings accounts that enable you to have different savings pots, perhaps for special occasions, such as a new car or Christmas, or simply a rainy day.
Rather than paying you the small amounts of interest you get with a bank account, the credit union can instead pay an annual dividend. Saving with the NCU is 100% safe and secure. Your savings are covered by the Financial Services Compensation Scheme (FSCS), guaranteeing the first £85,000 you hold with any financial institution.
The NCU offers a range of banking services. You can have your salary and any state benefits paid to your NCU account. We offer a bill payment facility, which enables you to pay your rent and other household bills automatically. We also provide a prepaid debit card, which you can use to withdraw cash and pay for items over the counter or online.
You can also visit the Northamptonshire Credit Union website for more information.