Credit unions

Simple savings, sensible loans
Our There for You credit union service offers UNISON members access to low-interest loans and a range of savings products through our UK network of partner credit unions. Whether you're dissatisfied with current banking arrangements, are struggling with exorbitant interest rates charged by payday and other lenders or simply looking for an ethical alternative, credit unions may provide just the solution.

UNISON has established a network of credit unions covering the UK where members and their families can both save and take out low-interest loans - in many cases, through payroll deductions.

We already know just how many members are using payday loans and other high-interest loan products - often getting caught in a trap of spiralling debt. UNISON is promoting credit unions as financial and ethical co-operatives that will serve members in a safe and responsible way and promote financial wellbeing.


Read more about this UNISON members' benefit here

How are credit unions addressing the rise in payday lending?

Credit unions aim to educate members in responsible lending options and are not necessarily trying to offer like-for-like comparative products that payday lenders provide.

However, in response to the prevalence of payday lenders, many credit unions have introduced new products that can meet an urgent need.

The difference in rates is obvious and credit union members are able to compare the wide difference in interest rates and true cost.