Registered on 20 June 1997 with the registered office located in Welwyn Garden City, Hertfordshire. The Credit Union is open to members from all over the British Isles.
as a result of this it has a large base in which to target new members. Such a strategy could lead to a significant increase in member numbers while also increasing income levels for potential distribution back to the members.
Credit Union members save and borrow for many reasons. It may be for that family holiday; for that emergency purchase; for a wedding or funeral expenses and many more. Savings are made at regular-weekly or monthly- periods as are repayments on loans. And, unlike Banks, interest is paid on the reducing repayment figure not on the whole capital borrowed.
Want to find out more?
Visit the Website or get in touch with the team:
Telephone – 01707 259455
Email – admin@bfawucreditunion.co.uk
Copyright British Credit Union Historical Society 2018 – All rights reserved
British Credit Union Historical Society 