News1 min ago
credit union
3 Answers
can i get a loan from a credit union without having an account with them
Answers
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Quote:
"Credit Unions are mutual financial organisations which are owned and run by their members for their members. Once you've established a record as a reliable saver they will also lend you money but only what they know you can afford to repay".
Source:
http://www.direct.gov...tAndLoans/DG_10035249
Chris
"Credit Unions are mutual financial organisations which are owned and run by their members for their members. Once you've established a record as a reliable saver they will also lend you money but only what they know you can afford to repay".
Source:
http://www.direct.gov...tAndLoans/DG_10035249
Chris
In the middle sixties I joined our local fledgling Credit Union by opening an account for £1. I had just got my first job and was able to borrow £500 immediately to buy a car. It was a "leg-up" which I greatly appreciated and I have been a member ever since. For a long time, the Manager's Christian name was Kevin and "going to see Uncle Kevin" became a euphemism for going for a loan! A great organisation!
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