International Credit Union Day 2019

17 Oct 2019
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17 October 2019 is International Credit Union Day, this years’ theme is Local Service: Global Reach. Our Money Advice OfficerSteven, explains what Credit Unions are and how to get involved.

Credit Unions are financial co-operatives which provide savings, loans and other services to their members whilst being fully owned and controlled by their members. They are open to everyone and provide a financial community where all members contribute and benefit directly instead of shareholders, so the emphasis is on providing a good service to members rather than maximising profits. Globally, over 200 million people are members of a Credit Union in over 100 different countries.

Credit Unions can be a lifeline for people who are excluded from the retail banking sector and by joining one you are helping others in your community. They can offer loans at much lower interest rates than doorstep or payday loans and usually allow low weekly payments over the counter. They are not-for-profit, usually offer help and advice to encourage their members to save money with them and ensure any loans they take are affordable. They are also just as safe as mainstream banks as they are closely regulated to ensure they have enough money to stay afloat and are also backed by the Government’s Financial Services Compensation scheme.

Some reasons to join a Credit Union

1.They can help you save regularly, borrow responsibly and keep on top of your finances

2.They share their profits with their members which often means members can get a dividend on their savings

3.They can usually offer credit to people who struggle to get a loan elsewhere

4.They offer competitive interest rates

5.For smaller loans, they will always charge less interest than doorstep and payday lenders

6.All savings are protected by the Financial Services Compensation Scheme

Residents of Warrington have access to various Credit Unions such as Warrington Credit Union, North East Warrington Credit Union and Enterprise Credit Union. Eligibility criteria, details of how to join and contact details are available on their individual websites.

Whilst Steven can’t recommend any particular Credit Union, savings or loan product, he can advise you about maximising your income and minimising your expenses. Get in touch if you would like any help.


“Thank you so much for your help in getting me set up in my new home” 

Anonymous – WHA Resident

“We’re really grateful for the excellent service we received from Warrington Housing Association’s Money Adviser and the extra money has made a big difference, helping us hire a gardener and be able to go to LifeTime more often where we enjoy singing in the choir”

Mr & Mrs Holland – WHiA Customers

“I’m so grateful to Warrington Housing Association for reaching out to me to make sure I’m claiming my full benefit entitlements”

Ms Heseltine – WHA Resident

“We couldn’t have navigated the benefits system without the fantastic help we received from Warrington Housing Association’s Money Adviser”

Andrew & Eileen – WHA Residents

“I felt like a big weight had been lifted off my shoulders and that I had somebody on my side”

Barbara, WHA resident

Warrington Housing Association 

Contact Us

Tel: 01925 246810
Fax: 01925 246814

Warrington Housing Association, the Gateway, 89 Sankey Street, Warrington, WA1 1SR