Drumchapel Community Credit Union
Credit Union in Glasgow, Scotland
Drumchapel Community Credit Union was established in Febuary 1970 and was possibly one of the 1st, if not the 1st, Credit Union in Scotland. The Credit Union is what is recognised as a financial cooperative. It has an founded common bond from which its membership is drawn. Drumchapel Community Credit Unions common bond is defined as the G15 postcode area and, therefore open to anyone living in that locality. These members save together, and, from the pool of money collected, re-lend that money back to the membership at a low rate of interest
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About Us
read moreDrumchapel Credit Union was formed in 1970 and is known as the first credit union in Scotland. Bert Mullen was the main driving force behind setting up the Credit Union and he inspired many others throughout not only Glasgow but the whole of Scotland to set up Credit Unions within their communties. A Credit Union is a not for profit financial co-operative owned and managed by its members. Anyone wanting to use the services must join Drumchapel Credit Union and therefore become a member. To become a member you must live or work within the G postcode area.
Savings
read moreShare 1 is used for savings that you require to have easy access to. Simple and straightforward, just maintain the balance at 5 minimum and you can have access to savings when you need to. Withdrawals can be requested at any time. Whether you're looking to save for a holiday, or just to have something put aside for a rainy day, Share 1 account makes it easy. This account can be used by members who are saving for a specific reason i.e car tax or insurance, football season ticket, birthdays etc.
Loans
read moreAll unsecured loans require proof of income and proof of address, this must be in the form of a Bank Statement showing income and outgoings. This should be returned with the loan application form or the decision will be delayed. We endeavour to inform you of a decision within 5 working days. Secured Loans when loans are totally secured, shares up to the value of the loan will be attached. We do not require proof of income or outgoings for these loans. A secured loan can be passed on application.
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