Looking after your financial interests
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.
Our rates actually start at 4.5%. Borrowing £5,000 over 36 months only costs £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.
Ready to save?
Whether you're a member or not, it only takes a few minutes to start saving with us.
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
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.