Discovery Credit Union

Discovery Credit Union

At a glance

Causes

  • Financial inclusion

Other details

Geographical remit: 
Local

Objectives

We are are a financial co-operative run by its member, for its members. With currently around 5000 members, we are open to individuals who live or work in a DD postcode locality. We also have junior savers and work with local primary schools to raise awareness of the benefits of saving.

We provide our members with a savings and loan service. All members are encouraged to save on a regular basis and our combined savings pot is used to lend to members.

We can provide an alternative to high cost lenders for people who may not have access to mainstream sources of credit.

We offer a place to save to help with financial planning for planned as well as unplanned expenditure. Our members savings are covered by the Financial Services Compensation Scheme.

Activities

We provide simple savings accounts an encourage members to save on a regular basis.

We provide members with a personal loan service usually for small values which would otherwise exclude them from mainstream lenders.

No current opportunities

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