Angus Credit Union
Savings Plans & Low Cost Loans in Angus
Low Cost Loans from Angus Credit Union
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 ...
Payroll Deductions
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 pe...
Smiley Savers
Smiley Savers is Angus Credit Union's Junior saving scheme.
Angus Credit Union believes that most young people in Scotland have lost the habit of "saving their pennies for a rainy day". The Smiley Savers encourages children to save a little money each week, and has a programme which can be used in local primary schools as part of the financial education part of the school curriculum.
If yo...
What is a Credit Union?
Posted By: Chris B on March 10, 2010 in - Comments: No Comments »
A credit union is a not-for-profit financial institution which is mutually owned and democratically controlled by its members who are known as shareholders.
Membership is determined by fulfiling the criteria of the COMMON BOND which is “Live or Work in Angus”. Simply put, if you live or work in the Angus area then you can become a member/shareholder of Angus Credit Union.
Some key points:
- You decide how much you can afford to save every week or month
- Borrowing is 12.68% APR (1% per month on decreasing balances). You can access a credit union loan after completing 8 weekly or 3 monthly payments to a maximum of 3 x your savings.
- Credit Unions operate under the Credit Unions Act 1979
- Credit Unions are Regulated by the Financial Services Authority (FSA) which is responsible for the regulation of all other financial service providers in the country
- Angus Credit Union assists YOU to smooth the troubled waters of financial exclusion
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