We can only answer that once we get all the information in. What we can say is that we take a human approach to our lending and will work with you to build your savings as well as your credit score.
Yes, all first applications need a credit check. Be assured, we do not define you by your credit score. Instead, we’ll speak with you to get a stronger understanding of your position. If you think this will affect you, speak to one of the team through our mobile app Nivo.
The annual interest is 36% (42.6%APR). This is charged on the reducing balance, so with each repayment you pay less interest! Here’s an example:
If you borrow £300 and pay £10 per week. You’ll repay your loan over 34 weeks and pay £37.44 interest – repaying a total of £337.44.
Yes, yes and yes! We encourage all of our members to save whilst they’re borrowing from us. Also, once the loan is repaid, there is a nice nest egg waiting for you.
Once we have received all of your loan information, we aim to assess your application within 24 working hours.
Not at all. Our loans are designed to meet the demands of our members. Whether that be for a trip abroad or an unexpected bill – we’re here to serve our community.
Join thousands of people in South Manchester who choose to better their finances with their local credit union
It’s been too long since we’ve been able to freely travel abroad. Many of us have been stuck between the same four walls for two years.
While it’s easy to get comfortable with our surroundings, days can become repetitive and we all deserve a refresh from time to time.
That’s why we have our communities’ best interests at heart. We offer a service that allows you to unwind.
This is your chance to have a holiday and spread out the cost. If you’re considering finance, we’d love for you to try your local credit union.
Let's have a look at how simple it is to open an account
Download the app
Click get started
Click get started
Create a secure and memorable pin
Our Joiner Bot will guide you through the process
Make sure your postcode is on the map
Get your ID ready to verify your identity
Congratulations, you've opened an account!
This is how it works...
Join the credit union
First things first, let’s open your account.
We complete an ID check to verify who you are and where you live.
Apply for your Welcome Loan
Once your account is open, your credit union membership starts.
This means that you can apply for your first loan!
With a Welcome Loan, you can apply for anywhere between £150 and £700.
We’ll make sure the repayments are right for you so you can have financial peace of mind.
Sit back and relax
Your first loan will be completed within 2 working days – usually on the same day.
Whilst you’re relaxing, we’ll assess your income, spending and what you’ve got leftover.
This helps us work towards finding your right level of borrowing. It’s important that we know how much you can repay and save so that you can get the most out of your credit union account.
Repayments are simple
We want to make your loan repayments as easy as possible.
Most of our members decide to repay their loan with a standing order. This gives the flexibility of paying weekly, fortnightly or monthly.
Some of our account holders who have children find it really handy to pay through their child benefit. The child benefit is paid into us for your loan repayments and savings and the rest is paid back to you.
This is the same for all other benefits as well as payroll deduction. If you’re undecided, you can have a chat with us so we can work out what may be best for you.
We're good to go
Once our assessment is complete and if your loan is approved – we’ll send over the terms of the loan that we are offering to you.
If you are happy to accept, then go ahead and sign.
We have an agreement.
Topping up your loan
After 4 months, you could apply to refinance your loan.
The process is near enough the same except there’s no credit check – instead, we just look at your recent bank transactions, loan repayments as well as your level of savings.