Rating based on 26 reviews

The Credit Union


  • Credit union loans up to £25,000
  • Low-interest starting from 2.9%
  • Repayment up to 60 months

In-page navigation

The Credit Union homepage

Author The Credit Union. Screenshot of The Credit Union website. [Accessed September 5, 2019]

About The Credit Union

The Credit Union was discovered back in 1962 when it started to provide low-cost loans and secure savings accounts.

Our primary aim is to encourage people to save, but we also offer low-cost loans when people need to borrow. Anyone who saves with the credit union becomes a member of the co-operative and can use one of many savings/budgeting accounts to open them.

Ethics, values and principles

Savings can be withdrawn within 5 working days if requested. These savings form a sum of money held in trust. Any member can apply to borrow from this sum of money. Because it is largely volunteer-run and has no outside shareholders it can provide low cost and flexible to its members. The primary aim is of the credit union is to promote sound monetary management by encouraging people to save rather than borrow.

Democracy, equality and fairness

As a co-operative, we operate differently to other businesses owned by shareholders. Our board of directors is directly elected by and from our membership, on a one-person rate basis. In a standard business the more shares you have the more votes you have meaning that only the rich have any real say or control.

The Credit Union Services

Bank current accounts and overdrafts are very appropriate but can be very expensive.

The Credit Union provides a real option to banks with our Engage account partners. You can use the credit card to buy goods or service online, in stores or restaurants, or anywhere that displays the VISA symbol.

The Engage Classic Visa debit card

Engage is the local brand for all credit union banking and payment services. Engage is a Visa debit card and account benefits the credit union member. The Engage account and Visa debit card works just like an account from a high street bank but is only accessible from your Engage credit union. You can use your Engage card to shop pay bills and save capital with our cashback rewards program.

The Engage rewards

Fantastic rewards and offers accessible from national and local retailers when you use your Engage Visa debit card. You can have cashback rewards of up to 15% each time you use your Engage Visa debit card to pay for products. You can find out more about these rewards on our website.

The Credit Union Product Details

  • Loan Type Credit union loans
  • Interest Rate from 2.9%
  • Loan Amount up to £25,000
  • Repayment 1 month to 60 months

Summary of Services

  • Secure and unsecured loans
  • Flexible loans
  • Affordable rates

We have innovative service delivery

As you know, the Credit Union is always looking for new ways to deliver additional benefits and cost-saving alternatives to all our members.

If you are a Co-op member you will also get points on any purchase and special member-only offers.

How does it work?

Once you have selected your product you can select a delivery date that fits you. The Co-op Electrical will then email or message you on the evening before the delivery of bigger items to approve a 60-minute delivery slot so you don’t have to wait. Small products are delivered on a next day basis via a trusted national carrier. Choose between our different loan options including, personal loans, car loans, payday loans and short-term loans.

Where can you find us?

We are one of the largest and fastest developing credit unions in the UK Membership is accessible to anyone who lives, works, studies or worships in these areas- Barnet, Camden, Hackney, City of London, Haringey or Islington OR is a member of, or an employee of The Co-operative Group in London and the South East Region(Buckinghamshire, Berkshire, East Sussex, Greater London, Hampshire, the Isle of Wight, Kent, Oxfordshire, Surrey and West Sussex)

Our membership information

We are also available to anyone who is a member of Unite the Unison of the Greater London Region OR is an employee of any one of those following firms anywhere in the UK: Bright Horizons, Amey, Barts Health NHS Trust, Cineworld, Circle Housing Group, Citizens Advice, East London Foundation and many more. Visit our website for more details.

Customer Reviews & Testimonials

March 2019

I like the variety of options that they provide. They're a flexible company

Lucas N
— Cardiff —

May 2019

I saved a lot of money working with them. They're a great financial partner to have

Cassandra V
— Leicester —

The Credit Union Contact Details

Physical Address

  • Jeremy Hopgood Rooms, Caxton House, 129 St John's Way London England N19 3RQ United Kingdom
  • Get Directions

Opening Hours

  • not available