LASER Credit Union

LASER Credit Union Ltd was established in February 2003 to benefit the community of the Borough of Rotherham, by offering smart savings and affordable loans. LASER stands for Loans and Savings Enterprise Rotherham.

LASER Credit Union

To be able to apply for products and services from LASER you need to live OR work in South Yorkshire or North-East Derbyshire, or be a member or employee of one of the following organisations: Community the Union, The British Chambers of Commerce, NCVO all can be anywhere in the UK. UNISON members in Yorkshire and Humberside can also join. Families living at the same address as a member of a LASER Member are also entitled to apply for membership, including children from 0 to 16 years.

LASER Credit Union officially opened its new town centre premises in June 2011 at the Old Town Hall in Effingham Street. The Credit Union has been helping the people who live and work in the Borough of Rotherham for 10 years. To celebrate this achievement, Members were invited to join staff and board members to mark the momentous milestone at the office in The Old Town Hall in March 2013.

In August 2016 the Bank of England reduced the Base Rate by 0.25% and as a result of this change, the credit union reduced the interest rate on Premier Deposit Accounts by 0.25% from 1.75% to 1.5%., they also reduced the interest rate on Premier Savings Accounts from 2.0% to 1.75%. LASER Credit Union was one of 31 credit unions to join the first wave of a major project set to transform the credit union sector over two years. The Credit union moved to a new base at 2 Effingham Square, S65 1AP in November 2016.

Following Government advice in 2020 and making sure LASER staff’s well-being were completely safe, the credit union were fortunate to that its office was ‘Covid-19 ready’. They became a partner in a Rotherham Council funded contract offering crisis support to those vulnerable alongside Voluntary Action Rotherham and FairShare Yorkshire, offering interest-free Crisis Loans for those in need in Rotherham.



Want to find out more?

Visit the LASER Credit Union website, or get in touch with their team:

Telephone – 01709 836500

Email – enquiries@lasercu.org.uk


Copyright British Credit Union Historical Society 2018 – All rights reserved

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