A credit union is a non-profit financial co-operative which offers saving accounts
and low interest loans to its members.
It is owned by its members and run by volunteers. They provide confidential, safe
and ethical savings accounts and affordable loans to members.
Anyone can join a credit union in the Falkirk Council area if they live or work
in the area. Junior Saving accounts are available for under 16s. Savings up to £85,000
are protected by the Financial Services Compensation Scheme, while the credit unions
offer savings and loans life protection free of charge.
Some of credit unions in the Falkirk Council area offer payroll deductions, payment
by Standing Order, PayPoint and card payments.
We can help local credit unions by providing advice and information to help them
get started and manage their affairs.
We support local credit unions by:
- Helping with the development of credit union branches throughout the Falkirk Council
- Providing credit union collection points in local community centres
- Helping with funding
- Helping with planning, development and training
Please contact the Falkirk Credit Union to find your nearest branch.