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...

Regulations – Inside and Out – Angus Credit Union

Posted By: Chris B on March 11, 2010 in About Credit Unions - Comments: No Comments »

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 regulated by the Financial Services Authority for all circumstances, so you can feel peace of mind that your money is secure with Angus Credit Union.

  • The Financial Services Authority registers and regulates every financial institution in the UK, including credit unions. Our staff and directors have to abide by detailed rules about how to do business and keep records, and we have to send regular reports of our activity to the Financial Services Authority.
  • We have a Supervisory Committee that is entirely separate from the staff and board of directors. Their job is to make periodic checks of the transactions and accounting procedures, as well as the day-to-day running of the credit union, and to report on their findings.
  • We have a Money Laundering Officer whose job it is to ensure that the credit union isn’t being used to cover up illegal financial activity.