Welcome to Norwich Credit Union. Since we were established in 1989, we have loaned out more than £2.5 million to our members. Anyone who lives or works in the Norfolk area can apply to join.

What is a credit union? Credit unions are member-owned cooperatives that are often managed by volunteer members. They are community loan and savings cooperatives. In a credit union, the members are effectively the shareholders so any profit made is paid out to the members of the credit union as a dividend. Credit unions are not-for-profit social enterprises.

How can a credit union help me? Do you need to pay of high interest debts which are keeping you poor? Do you need to get into a regular savings habit at an amount you can afford? Do you need or want to be able to access a low cost loan when you experience a sudden, unexpected expense? A credit union can help you do all of these things. You may be able to save and borrow with a credit union even if you have difficulty opening a high street account due to low income or poor credit history. Credit unions usually lend various amounts for many purposes, from gap year travel to household goods, paying off high interest debts to the cost of Christmas or car repairs. When you borrow from a credit union, you normally receive free life insurance to the value of the loan, so your loan would be repaid if you die before paying it back in full (subject to conditions) so that you do not burden your loved ones at a difficult time. You will normally receive an annual dividend on your savings, paid at the end of the year at the same rate for all savers. In joining a credit union you will be supporting a local co-operative that supports its members and encourages financial inclusiveness. Credit unions are not just for people on low income - they are also a lifestyle choice and often the best financial choice.