CREDIT UNIONS

from in business North Wales - March/April 2020

FIRST IMPRESSIONS

Community spirit

Introducing savings and loans in the heart of your community

Cambrian Credit Union is a not-for-profit, member-owned, community savings and loans provider. While we offer similar financial services, we are proud not to be a high street bank. e

Cambrian is a cooperative, which means that whether you become a saver, or borrower, you also become a member and have a say in how we’re run: one member, one vote.

As a credit union, Cambrian is an ethical alternative to high street banks or doorstep lenders, and our emphasis is always on providing the best service to members – putting you ahead of profits.

Your savings are safe and secure, and guaranteed up to £85,000, just like they would be in a bank or building society. With Cambrian your money stays in the communities of North Wales and Powys, helping people in your area access fair credit.

Should you need a loan, you will find we do things differently at Cambrian. Our staff are financially sympathetic and take the time to understand your individual circumstances, not just your credit score.

We grant loans from as little as £50 up to £15,000. You can apply in person or online and we aim to give you a decision and the money in just one working day.

The interest rate you see advertised with Cambrian is also the one you will receive if your loan is approved. As we believe in being fair to our members, interest is only charged on the reducing balance, plus we can usually include free life insurance.

If you are employed with one of our 40 payroll partners across North Wales and Powys, you can also save, or repay a loan, direct from your salary.

We’re a financial mutual, which means that we’re owned by our members and genuinely care about their financial needs.

Our staff take great pleasure in helping our members with their savings goals. When people need a bit extra, we believe that credit is not necessarily bad, we all need to help spread costs sometimes, but it should be fair, manageable and transparent and that’s what we offer at Cambrian Credit Union. n