Oldham Credit Union

read moreAnyone who lives or works in Oldham and receives Child Benefit can join Oldham Credit Union and apply for a Family Loan of up to 500. Engage is the national brand for all credit union banking and payment services. Engage is an ethical Visa debit card and account that truly benefits the credit union member. There are no nasty hidden charges and fantastic rewards that mean you can save money on your everyday shopping. We are a community-based financial organisation, owned and run by local people, providing you with fair and straightforward financial services.

read moreFounded in 2002, Oldham Credit Union is a not-for-profit, democratic financial co-operative, owned and run by its members. Simply, we provide fair and straightforward financial services. The Credit Union philosophy of mutual self-help has proved very popular with over 400 credit unions throughout the UK. Credit Unions operate very differently from banks and building societies. For example, they do not borrow in the wholesale money markets and exist solely to provide fair financial services to members.

read moreWe are a responsible lender- we will never encourage you to borrow more than you can afford to repay. Our loans are very competitive, whether it's a short term loan, a cash advance or longer term borrowing. As you repay your loan repayment, we encourage you to save as well. This provides members with increased security, growing savings and future choice. Interest is charged on the reducing balance of your loan, which means the amount of interest you pay decreases as you pay back the loan. Most members will qualify for FREE Loan Protection Insurance so that, in the event of your death, the outstanding loan will be repaid.

read moreBy borrowing with us, you get a competitive low interest rate, with manageable payments being taken directly out of your payroll, making it easier and hassle free to pay back. And better still you can save money at the same time too! No need to save before applying. We simply ask that you save a minimum of 5 a month, which means you'll always have a little tucked away for a rainy day as well! All we need is your first payment and we can process your loan. It is a good way to save a little each week that you do not miss.

read moreEveryone benefits from regular saving. It allows us to work towards our financial goals and gives us peace of mind should an emergency arise. Committing yourself to a regular saving pattern can be difficult but, with OCU, it's easy and flexible. Credit Union members can save at an affordable level, be it 1 or 100. Small regular amounts soon add up and remember, at the Credit Union, you are not just another customer, you actually own the business, and through a vote at the AGM, you can shape the future of your own community financial services organisation.

read moreNivo is an exciting new messaging service- the fastest, safest way for you to talk to us about anything, anytime. It's a secure instant-messaging app with bank standard encryption, that's secure enough for you to share personal information and discuss your finances and transactions. We prefer Nivo to email as it's much safer and more convenient. You can also use it to send us photos of sensitive documents (payslips and bank statements), complete identity checks and sign loan agreements. You should never disclose your 5-digit PIN to anybody else.

read moreFrom unexpected bills to big planned items such as home improvements, holidays or car purchases, your credit union can help you. It is a good way to save a little each week that you do not miss. It helps others, to make funds available for people to borrow at low interest rates, that would not be able to borrow from banks. Oldham Credit Union is authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

read moreFounded in 2002, Oldham Credit Union (OCU) is a not for profit, democratic, financial co-operative regulated by the Prudential Regulation Authority. By offering SAFE financial services, OCU has seen a 50% increase in membership, reaching 3500 members with savings of 900,000 and 1m lent in the last 2 years. We work in partnership with employers in Oldham to offer these SAFE financial services to their employees via payroll savings schemes. Our partnerships with employers help them address key organisational issues when it comes to staff welfare and company CSR.