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Five Wells Credit Union - Wellingborough

Type of service:
Advice And Support
Address:
2b High Street, Citizens Advice Bureau, Wellingborough, Northamptonshire, NN8 4HR
Telephone number:
01933 278111
Mobile number:
N/A
Email address:
Service description:

What is a Credit Union?
A Credit Union is a financial co-operative, owned and run by its members who all have one thing in common, which is the common bond.

Five Wells Credit Union's (FWCU) common bond is that you must live or work within the Borough of Wellingborough. This means everyone in Wellingborough has access to the low cost savings and loan facility scheme. It encourages members to save, thereby creating a fund from which loans can be made. The beauty of it is that your savings keep on growing. The more you save, the greater your borrowing potential.

How Does a Credit Union Work?
Members can save as little as £1 per week or £5 a month and after 13 weeks become eligible for a loan. There is no minimum loan and Interest is charged at just 1% per month on your outstanding balance (equivalent to 12.7%APR).

Cost:
Contact provider for details
Age range:
16 years - 90 years
Opening hours:
Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
Ofsted Inspection Grade:
N/A
Additional information:
N/A
Eligibility criteria:
  • None (no Criteria For Eligibility)
Referral route:
  • Self Referral
Location map:

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