5 ways Glasgow Credit Union can help you manage your finances

• 1. The easiest way to save

  We help make saving easier, allowing you to pay into your savings account on a regular basis via Direct Debit, or if you work for one of our 100+ Employer Partners, via payroll deduction. You can save between £10 and £500 per month, and because we’re covered by the Financial Services Compensation Scheme (FSCS) you know your money is just as safe as with a UK bank or building society. We also offer a Junior Savings Account to help you encourage your little ones to save.

• 2. An alternative lender with transparent rates

  Searching for the best loan deal can be tricky and frustrating. High street lenders advertise their best rates but can offer you a higher rate upon application, depending on how they rate your creditworthiness. At Glasgow Credit Union, the rate we advertise is the rate you’ll get if your application is successful. All our personal loan interest rates are fixed for the duration of your loan and there are no admin or early repayment fees.

• 3. Get your foot on the property ladder

  As the largest credit union in the UK, Glasgow Credit Union’s scale and success means that we’re able to offer a wider range of products than you might expect – including mortgages. We have a range of mortgages to suit all needs – from first time buyers, those looking to move home, or members simply looking to remortgage.

• 4. Make your debts manageable

  If you’ve got balances on credit cards, store cards, loans with other lenders or even overdrafts, you’re probably managing several different repayments, all at different rates of interest, all at different dates throughout the month. Our Consolidation Loan could help you combine these debts into one monthly repayment at a fixed rate, making it less stressful to manage. You could even save money if your existing interest rates are higher than our Consolidation Loan rate.

• 5. Good for you – and for Glasgow

  At first glance banks and credit unions seem quite similar, but look a little closer and you’ll find the two types of financial institution are very different. One of the key differences is who benefits from the profits. Banks use their profits to pay out to their investors, but at Glasgow Credit Union, when we’re successful, we share this success with our members.