Gateshead First Credit Union
your local community bank
Help when you need it
- no hidden costs
- no arrangement fees,
- together with free Loan Protection Insurance
is our policy.
FSA licensed deposit taker
Our members are entitled to the same level of protection similar to the Banks and Building Societies in the UK.
Should a credit union, bank or building society go into default from September 2008, The Financial Services Compensation Scheme (FSCS) will be able to pay compensation to 100% of the first £50,000 per person.
We've got it covered
Gateshead First Credit Union work with CUNA Mutual Group Ltd to provide
- Free Life Saving
- Free Loan Protection
The objects of the Credit Union are
- The promotion of thrift among its members for the accumulation of their SAVINGS.
- the creation of a source of CREDIT at a fair and reasonable rate of interest.
Members of a Credit Union pool their savings together, these savings then provide a pool of funds from which loans are made.
A credit union is not for charity, not for profit but for service. More »