National Fire Savers Credit Union

Being a member of a credit union is a great way to save or borrow capital and here at the National Fire Savers, we provide a range of products to meet your financial needs.

If you are a firefighter or work for a fire and rescue organisation in Great Britain and are looking for a better way to save or lend then we can help. As a fire saver in the National Fire Savers Credit Union, you are saving more than capital!

Take control over your capital

Credit Unions aim to help you take control of your capital by encouraging you to save what you can and loan only what you can afford to pay back. In essence, we are a savings and online loans co-operative, which means the members pool their savings to loan to one another and help to run the Credit Union.

This is done in a not-for-profit way, so the capital is only used to run the services and reward the members, it isn't used to pay outside shareholders, like most other monetary institutions. Throughout the year the credit unions must put aside enough capital to make sure it's financially secure. Any capital that's leftover is given back to those who have a savings account as a ‘dividend’, or it's used to enhance the overall service of the members.

Fast turnaround on loan application

New to the Credit Union or currently have no quick cash loan with us? New members are considered daily with some members receiving their capital on the day of application.

The credit bureau meets twice a week to review all other long and short-term loan applications within criteria. Paired with our electronic signature service that has to listen the average turnaround time from application to receipt of the fund to 2-3 days.

We will use this information to:

Asses your creditworthiness and whether you can afford to take the product; verify the accuracy of the data you have offered to us.

This added information will prevent criminal activity, fraud and money laundering, control your account(s), enable us to tackle monetary exclusion far more effectively as the best answer is often not to loan more but to assist members with savings and budgeting skills. All of these aims- the protection of member’s capital, responsible loaning and avoidance of bad debt are entirely consistent with the traditional values of the credit union movement.

Enlarged common bond

We are happy to announce that we are now able to accept applications for membership from retired firefighters and fire brigade staff. In addition, we are also able to approve an application for membership from employees of the firefighter's Charity, the Fire Brigades Union and London Fire Brigade Welfare Fund. We look forward to receiving members from these firms as well as those in retirement who may want to take advantage of the services we provide.