What is a credit union?
A credit union is a profit sharing, democratically run financial co-operative which offers convenient savings and low interest loans to its members. The members own and manage their credit union themselves.

What are the benefits of a credit union?

• it is an easy and convenient way to save and borrow. 
• it offers very low cost loans. 
• it offers insurance at no direct cost.
• it is a way to learn new skills.

Who can join a credit union?
People who join a credit union must belong to what is called a "common bond".  This could be that you reside in a specified area, or you work for a particular employer or that you are a member of a club or association.  Credit unions welcome everybody from within the common bond regardless of income, employment status or age.

What if there is no credit union in my area?
Many credit unions operate a 'live or work' common bond, and the main credit unions surrounding Chorley are listed below.  If you are working, your employer may operate a credit union for its employees.  Or contact one of the umbrella organisations for credit unions:

Tel ABCUL on 0161 832 3694 or click here

Tel UKCU on 01706 215082 or click here

Is there a credit union in Chorley?
At present, there is no credit union in Chorley.  If you would be interested in helping to set up a credit union in Chorley, please contact us on 01257 414900 and ask to speak to the Financial Inclusion Officer.

For a list of credit unions near Chorley click here