5 Easy Steps to borrowing from your Credit Union

Applying for a loan is easy for credit union members who save regularly:
  1. Join the credit union and save an affordable amount of money on a regular basis
  2. After ten weeks you could apply for a loan of up to twice the total amount you have saved, repayable over 12 months or 52 weeks.
  3. Complete a loan application form which will then be considered by the Credit Committee. The Credit Committee consists of trained volunteers who are also credit union members. For large loans, the Credit Committee may invite the member to an interview.
  4. Repay your loan weekly, monthly, fortnightly or 4-weekly by keeping to the repayment plan and carry on paying into your savings at the same time.
  5. If you are having difficulties keeping up with your loan repayments, don't ignore the problem, but come and talk to us. We will listen sympathetically to any change in financial circumstances and work with you to get your repayments back on track.