Credit Unions?

[Dunk76]

Having a spate of anti-capitalism at the moment, encouraged by my bank's complete inability to actually get anything right.

Question for the learned; Credit Unions - seems a viceless way of putting money to one side (note I've not said saving).

http://www.eastsussexcu.org.uk/index.asp

What's the gig?

Return on investment is not something I'm particularly fussed about as the amount to invest/save/put aside is so low we're talking a difference of less than £50, annually, between the highest return and the lowest across the whole spectrum of products available

Edited by Dunk76 on Thursday 8th April 11:34

[andrewh]

They are good for subprime customers who will have much more trouble nowadays getting credit from mainstream lenders, they will need to save for a number of months then can borrow at a respectable rate from the union upto £1000 or so, part of a crackdown on loansharks etc by the local authorities.

[Four Cofffee]

And according to my sister (who is very ill) her CU cancels all loans on death and doubles any savings is she slides off her mortal coil.