About Us
Our Credit Union
Macnean Credit Union Limited is dedicated to helping our members in every aspect of their finances.
Our Common Bond
The common bond is the factor which unites the members of a Credit Union together i.e. those living or working in the same area may join a credit union.
Are you a member of our common bond? If so, you may be eligible to join Macnean CU.
Become a Member
Joining the Credit Union is the best decision you could take for your money. Our Credit Union lets people in the community come together to save and borrow money at low rates, and is operated on a not-for-profit basis.
Why not become a member today?
Join Us Now- Credit unions help you save regularly, borrow responsibly, and keep on top of your finances.
- Credit unions have partnerships with many employers allowing staff to save and repay loans direct from payroll.
- Credit unions offer affordable loans, ranging from short-term loans of a few hundred pounds, to much larger loans for holidays, buying a car, or home improvements among other things.
- Credit unions offer competitive rates on loans of all sizes. For smaller sum loans, interest on credit union loans is always much lower than that charged by doorstep or payday lenders.
- Credit unions make it easy to save – even a small amount saved each week will soon mount up.
- Credit unions are co-operatives, meaning that any profits are shared with their members. This often means savers will receive a dividend on their savings every year, which could be as much as 3%.
- Credit unions are able to offer credit to people whose circumstances might mean they struggle to get a loan from other lenders.
- Credit unions ensure that all money saved is protected by the Financial Services Compensation Scheme (FSCS) up to the value of £85,000 per person – exactly the same level of protection as savings in a bank or building society.
Being a member of our credit union comes with a host of benefits, such as:
- Free Services - Convenience - Community Benefits
- There are no account fees, maintenance costs or charges
- Competitive loan interest rates
- Loan Protection, Life Savings Insurance and Death Benefit Insurance
As a credit union we are committed to offering products and services that help members manage their money and build up a history of good money management. At Macnean Credit Union we have created a culture of saving regularly and lending responsibly while promoting good money management.
