Why join Knowsley Mutual Credit Union?

Looking after your financial interests

Members' financial wellbeing is the Credit Union's number one goal. Members are encouraged to save as they repay their loans. Additionally, we provide saving and borrowing tips.

Low cost loans

Loans are affordable. Importantly, unlike other lenders our rates are capped. Because of this, we never charge more than 42.6% APR. Therefore, a £500 loan paid back over 28 weeks costs just £51.

Representative example

£500 repayable over 28 weeks at an interest rate of 42.6% APR (fixed)

Weekly payment: £20

Total amount payable £551

Our rates actually start at 4.5%. Borrowing £5,000 over 36 months only costs £347.

Representative example

£5,000 repayable over 36 months at an interest rate of 4.5% APR (fixed)

Monthly payment: £149

Total amount payable £5,347

Save as You Borrow

We all need a nudge to save more. Therefore, when you borrow from KMCU a proportion of your repayment is allocated to a savings account. Consequently, you'll need to borrow less in the future.

Importantly, loans come with free loan insurance. Consequently, should you die when you still have an outstanding loan it will be repaid. This is subject to terms and conditions.

Ready to save?

Whether you're a member or not, it only takes a few minutes to start saving with us.

Savings protected by the FSCS

Savings in the Credit Union are protected by the Financial Services Compensation Scheme. Up to £85,000 is protected, per person. This is the same level of protection as savings in a bank or building society. Read more.

Free insurance

Savings insurance is provided free to members. Because of this, up to twice the value of your savings are passed to your beneficiary upon your death. Additionally, we provide free loan insurance. Therefore, should you die when still owing the Credit Union money, the debt would be written off. This is subject to limits.

Community based and local

Knowsley Mutual Credit Union is for the local community. Because of this, people must live or work in our ‘common bond’ of Knowsley, Liverpool, Sefton & West Lancashire to join us.

But also part of an international movement

86,000 credit unions in 118 countries serve 290 million members. They collectively own £1.5 trillion of assets.

We’re a non-profit co-operative

Co-operatives operate differently to ordinary businesses. For example, our Board of Directors is directly elected by, and from, our membership. Importantly, this is on a one person, one vote, basis. Consequently, members have an equal say in the running of the business.

Read more about co-operative principles.


Credit Unions are Authorised by the Prudential Regulation Authority. We are regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Ref. No 213483