Plaid Cymru Credit Union

Run by members for the benefit of members

Savings                Loans               Ethical                Friendly

Ty'r Cymry,

11 Gordon Road,

Caerdydd, CF24 3AJ


T: 029 2049 1888   


We are open:  

Tuesday & Friday

10:00am - 2:00pm


E-mail address is post@ucpccu.org or ucpccul@btconnect.com and the website can be accessed at www.ucpccu.org


Regular updates are now posted on the site and all forms can be downloaded from the site.

INFORMATION

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Borrowing

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FAQs

Forms

Who’s who?




Loan Repayments

Examples of repayments and interest charges

The maximum loan is £5,000 [subject to status]. The maximum repayment period is 36 months. Loans are insured against the death of borrowers under 80 years. First loans are usually up to £2,000.

Registered office: Ty'r Cymry, 11 Gordon Road, Cardiff, CF24 3AJ

Y tudalen hon yn Gymraeg

Benthyciadau

Advantages of credit union loans

When you borrow from a credit union you do so as a member-owner. Credit union loans are available to members to help when a need exists.

Loan rates are cheaper than bank credit card or department store card rates.

How much will it cost?

With a credit union you pay only one rate of interest. It’s 1% on the reducing balance of the loan. While the APR is 12.68% a year this works out at £6.56 interest on £100.00 over 12 months. There are no loan arrangement fees or early redemption loans should you wish to repay your loan earlier than planned.

How much can I apply to borrow?

The loan maximum is £5,000 [subject to status] and the maximum repayment period 36 months. Borrowers must have a minimum of £50 in shares and have been members of UCPCCU for 3 months.

How do I repay my loan?

By a monthly banker’s order. All borrowers are expected to save while repaying their loan. Remember regular repayments give you’re a free loan life insurance cover.

How do I apply for a loan?

Loan application forms and loan agreement forms are available from the office or may be downloaded from the links on the ‘Forms’ page.

In order to apply for a loan you must send completed Loan Application, Loan Agreement and Bankers Order forms.

The Credit Committee processes loans every week.