While it is not a bank, members can keep up to date with their accounts through an app and also borrow online.
IT is considered to be the worst day of the new year, when finances take a hit from festive spending and woes are compounded by the cost of living.
This year, Glasgow Credit Union is predicting debt consolidation and loans to pay off car payments will be among the key priorities. With more than 60,000 members, the Union has helped savers and borrowers weather previous financial storms and this year will be no different. For first-time buyers, the credit union could be a way to help them.
“The £100,000 to £200,000 is the market we are in and that is doable, but they just can’t get the offers accepted.”, GCU has lent more than £700 million in unsecured loans and mortgages and has a loyal membership, with 87% of the current membership having been members for more than five years. A total of 53% of new members – that is those who have joined within the last two years – are aged between 16 to 34, a rise within this age bracket on previous years.
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