Credit unions and borrowing money

Credit unions are savings and loans clubs that are owned and run by their members. They can lend money to their members at a cheaper rate than some other loans and any profits are shared by all members.

The law requires that members of a credit union are linked in some way, such as living in the same area.

Kent Credit Union

A Kent wide credit union was established in 2009.  

Kent Savers offers a range of financial services to all, but will focus in particular on supporting those who find it difficult to access mainstream financial services.

You must live within the specified areas of Kent and Medway in order to join this credit union.