How could a credit union help me?
If you need to borrow money to cover unplanned bills for essential items, you could consider approaching your local credit union. The interest charges of a credit union are less than many other sources of credit.
Credit Unions provide an important source of credit to people who may otherwise find themselves excluded from high street sources and can help prevent people from falling victim to illegal sources of credit such as loan sharks.
So what is a Credit Union?
Credit Unions are financial co-operatives owned and controlled by their members. Members pool their savings together which then provide funds from which loans can be made. Besides loans and savings, some also offer other financial services such as current accounts. Profits go towards developing the business or are returned to members.
If you live in the PE30 Postcode, and open an account with Norfolk Credit Union and make 2 deposits before 30th June 2012, they will add £20 to your account.
To find out more, or open an account with the West Norfolk Community Bank, telephone 07905 721524 to make an appointment.