Today is International Credit Union Day where Credit Unions from all over the world come together to celebrate the work that they carry out in their local communities.
Renfrewshire-Wide Credit Union (RWCU) established in 2006 by a group of volunteers from different local areas decided to work together, to ensure that everyone who worked or lived in Renfrewshire had access to a credit union.
From their hard work Renfrewshire-Wide Credit Union was born. Ten years later Renfrewshire-Wide Credit Union is proud to be serving our community to provide access to affordable, ethical financial services, as well as working with local schools to educate our young people on the benefits of saving via the RWCU Cash Cubs program.
RWCU’s General Manager, Karen Wallace, said “Our aim at Renfrewshire-Wide Credit Union has always been to promote ethical, affordable financial choices. We believe that our credit union services and products offer the people of Renfrewshire a great value, community-based alternative to the poor deals offered elsewhere.”
What is a credit union?
A credit union is a ‘mutual’ organisation, this means that it is owned by its members and all the benefits are for members alone, keeping the money in Renfrewshire for the benefit of the people of Renfrewshire. We provide affordable loans at fair rates of interest to meet every day needs, such as replacing a broken washing machine right through to a home extension. We also provide a range of savings plans and other accounts that help members save and manage their money.
With a wide range of products and services why would you not join? Whether you’re saving for a rainy day or looking to access ethical affordable loans then look no further than your local credit union. Being a not-for-profit organisation means it’s about what’s best for YOU, not what makes the most money. This means we are able to offer our members products and services such as:
- Savings Accounts
- Ethical affordable loans up to £10,000
- Christmas accounts
- Payroll Deduction
- School Credit unions
- Funeral Finance
- Online account access
For more information on the products and services available please visit www.rwcu.co.uk for more information.
Photo: (Left to Right) Louise Houston, Paula Ferrier and Jean Graham from Renfrewshire-Wide Credit Union