How much do your loans cost and how much can I borrow?

For starters, there are NO arrangement fees with any Angus Credit Union loan. The maximum any credit union in the UK will charge is 2% on decreasing balances. ACU will charge 12.68% APR (1%) on most loans, this is dependent upon saving pattern, ability to repay and the decision of the Loan Committee.

You have to be a member of Angus  Credit Union in order to be able to apply for a loan. Once you have been saving regularly (8 weeks or 3 monthly payments) you are eligible to make a loan application.

As a guide, you can borrow up to 3 times your savings with Angus Credit Union. So, if you have £100 saved, you can borrow up to £300.

Download the Loan Application here

Angus Credit Union offers a Payroll Deduction savings program to businesses in Angus.  This is already working for NHS Tayside,  Angus Council, as well as some other companies in our area.

Easy to set up, easy to operate, and a great way for businesses to offer a savings scheme to their employees.

Don’t forget, Angus Credit Union is a community based financial institution, serving local people who live and work in Angus. By supporting ACU you are also being a community minded company!

Life Savings Protection – when you join the credit union you can nominate someone as your beneficiary. On your death, this policy can pay your nominated beneficiary an amount equal to the amount of your savings, so they will receive double the amount that you’ve saved.
Where else will you get free life savings insurance like this?

Loan Protection – if you were to die with an outstanding loan balance, this insurance will pay off the rest of the loan, so that your debt dies with you instead of being an extra burden to your beneficiaries.

Many other loan companies charge extra for this insurance policy, but at Angus Credit Union it’s all part of the service with our low cost loans.

After the Farepak fiasco and now the global financial meltdown there has never been a better time to join your local credit union. It’s good to know that Angus Credit Union keeps your money safe and secure. We are insured for all circumstances, so you can feel peace of mind that your money is secure with Angus Credit Union.

• We carry Fidelity Bond insurance to protect your money from fraud or theft. This covers
  • Employee or director dishonesty
  • Loss of money via loss, theft or fraud on the premises or in transit
  • Employees’/members’ property stolen during robbery or burglary
  • Fraudulent deposit or forgery
  • Electronic crime
• We also carry general insurance to provide the credit union with coverage for the day-to-day problems which may affect our business. This includes our office contents, public liability and employers liability cover.