Glasgow Credit Union is the largest and most successful credit union in the UK.
We offer loans, savings and mortgages and our services are exclusively available to people who live or work within the Glasgow ‘G’ postcode area.
Although the products we offer are similar to those you’d find at a bank – our ethos is very different. We’re a financial mutual, which means that we are owned by our members. Every member has an equal say on matters that effect the credit union – via voting at our Annual General Meetings – and our Board of Directors are elected from within the membership.
Our members are our shareholders. When the credit union is successful, we share this success with them in the form of an annual dividend paid on savings, or an interest rebate on loan and mortgage interest, or both! We are pleased to say that we’ve paid a dividend to members every year since we were established in 1989 – which tells you a little about how successful we’ve been over the years.
As well as being a financial mutual, we’re also a social enterprise – so our over-arching ethos is to improve our community through financial empowerment and education. We’re committed to working with local organisations and employers to increase financial awareness in the wider community.
Please check first that you are eligible to apply:
You are aged 18 or over
You have a UK bank account in your own or joint names
You are a permanent UK resident
You have never been bankrupt or had a Court Decree
To complete your application you will need:
Your current employer's address details
Details of monthly income and outgoings
Bank or building society details (sort code and account number)
To enable us to make a decision on your loan application we will contact Credit Referencing & Fraud Prevention Agencies. This will register a search against your credit record and if your application is successful we will share the information we hold for you with these agencies. Further details are available in our Fair Processing Notice
It is important that you read the Fair Processing Notice document above. If there is anything that you do not understand, please contact us.
Please be aware that the longer you take to pay back a loan, the more you will pay back in interest. If you go for a shorter term your monthly repayment might go up, but you'll save in interest and pay back your loan faster.