Credit unions are financial co-operatives owned and controlled by their members. They offer savings and affordable loans, and provide an ethical financial option for the communities in which they operate.
Westcountry Savings and Loans
North Devon Homes is proud to be working in partnership with local credit union, Westcountry Savings and Loans, who can help you to save and borrow, while supporting your local community.
Membership is free to join and open to all North Devon Homes customers.
Westcountry Savings and Loans is operated on a not-for-profit basis, with any surplus profits being returned to members. This enables it to serve more customers and offer better rates, products and services to members, new customers and communities.
Once you are a member you can start saving and borrowing with the credit union. They offer a range of different savings accounts, including a Christmas Savings and a children’s Junior Savings account. Savings are secure with deposits of up to £85,000 covered by the Financial Services Compensation Scheme.
If you need to borrow money, you can apply to borrow from £100 to £15,000, depending on your circumstances. Westcountry Savings and Loans look at all applicants and their circumstances individually. There are no set-up fees and you can choose to repay in affordable amounts either weekly, fortnightly or monthly. You may find that you pay back a lot less than you would with a doorstep or money shop loan.
You can join online or you can call Westcountry Savings and Loans office on 01275 390650 weekdays between 9.00am and 4.30pm.
Please click here to visit Westcountry Savings and Loans website.