BBC website has a report which outlines Vince Cable’s criticism of banks, in particular misleading interest rates.

With the Credit Union what you see is what you get, the interest rates we advertise are the interest rates you pay.

If you need to use one of our paying in offices but aren’t sure where it is, you can now easily check the location, as each office has a link to a map. Simply click the See a map link underneath the address and the map will open.

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Whenever you think about applying for a loan, the interest rate is usually one of the first things you want to know.

The Credit Union’s interest rates for loans have been added to the FAQ page, and are also available as a download.

The interest rates are
£200 – £1000 Apr 26.8%
£1001 – £2000 Apr 19.5%
£2001 – £5000 Apr 12.7%

Example of a £1500 loan over 18 months

£95.52 x 18 (per month) or
£22.04 x 78 (per week)

Loan £1500
Interest £219.38
Total To Repay £1719.38