Business Details
24 Years
experience
Your Trusted Community Financial Partner in Oldham
Founded in 2002, Oldham Credit Union is a not-for-profit, democratic financial co-operative owned and run by its members. We provide fair and straightforward financial services, prioritising affordability, transparency, and community impact. With over 4,000 members and 6 million in loans issued, we focus on promoting financial inclusion and economic wellbeing in Oldham. Our services include savings accounts, personal loans, and payroll schemes, all regulated by the Financial Conduct Authority and Prudential Regulation Authority.We operate under the principles of mutual self-help, ensuring competitive interest rates, ethical practices, and a commitment to member satisfaction. Our team combines decades of experience in community finance to deliver tailored solutions that empower individuals and strengthen local economies.
Services
Savings
Loans
Payroll Plus
Financial Education
Community Services
Details
- Year established: 2002
Highlights and features
- We offer affordable loans from 100 to 10,000 with no hidden fees.
- Our services are regulated by the FCA and PRA for your security.
- We provide flexible repayment options tailored to your needs.
- We promote financial inclusion and community economic wellbeing.
- Our savings accounts offer instant access and competitive rates.
Associations and certifications
- Financial Conduct Authority
- Prudential Regulation Authority
What people say
Affordable loans
Friendly staff
Ethical services
Flexible repayments
Community focus
Services
Savings Accounts
Secure savings accounts with instant access and competitive interest rates. Members can save from 1 weekly or 5 monthly, with funds protected by the Financial Services Compensation Scheme up to 85,000. Our ethical approach ensures no hidden fees, promoting long-term financial stability.
Personal Loans
Affordable personal loans ranging from 100 to 10,000 with flexible repayment terms. Loans over 1,000 require a credit check, and interest rates vary based on individual circumstances. We prioritise transparency, with no extra charges for early repayments.
Payroll Plus Scheme
Workplace savings and loan schemes designed to improve employee financial wellbeing. Employers facilitate payroll deductions, while we manage ethical financial services, including pre-paid Visa cards and free life insurance for employees.
Financial Education
Programmes promoting financial literacy and responsible money management. We provide resources to help members budget effectively, manage debt, and build savings habits, contributing to long-term economic resilience in Oldham.
Community Financial Services
Tailored financial solutions supporting Oldhams residents and businesses. Our community-focused model pools savings to fund local loans, ensuring accessible credit and fostering economic growth through ethical, member-owned initiatives.
Questions
What services does Oldham Credit Union offer?
We provide savings accounts, personal loans, payroll schemes, financial education, and community-focused financial services tailored to Oldham residents and workers.
How can I join Oldham Credit Union?
To join, you must live or work in Oldham and be over 16. Membership requires a minimum weekly saving of £1 or £5 monthly.
Are my savings secure with Oldham Credit Union?
Yes. Your savings are protected by the Financial Services Compensation Scheme up to £85,000 and regulated by the FCA and PRA.
What loan rates do you offer?
Rates start from 6% APR, with examples including £4,000 at 12.7% APR and £500 at 42.6% APR, depending on individual circumstances.
How do I apply for a loan?
First, become a member. Then apply for a loan through our secure app or branch, with options for flexible repayments and no early repayment fees.
Do you offer 24/7 customer support?
No. Our phone lines are open Monday to Friday, with limited Saturday hours. Emergency services are not available.
