Post Code of Credit union in Scotland Uk

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1. B C D Credit Union

   City/Town: Glasgow

   Postal Code: G40 1HA

   Street Address: 2 Main St

   Country: United Kingdom

 

2. Cranhill Credit Union Ltd

   City/Town: Glasgow

   Postal Code: G33 3PH

   Street Address: 4 Crowlin Crescent

   Country: United Kingdom

 

3. Chryston & District Credit Union

   City/Town: Glasgow

   Postal Code: G69 0EN

   Street Address: Blackwoods Crescent

   Country: United Kingdom

 

4. North East Fife Credit Union

   City/Town: Cupar

   Postal Code: KY15 4HA

   Street Address: Cupar Community Centre, Castlehill

   Country: United Kingdom

 

5. Right Way Credit Union Ltd

   City/Town: Paisley

   Postal Code: PA1 2AH

   Street Address: 41 High St

   Country: United Kingdom

 

6. Caledonian Credit Union

   City/Town: Livingston

   Postal Code: EH54 5EH

   Street Address: Almondbank Centre 6 Shiel Walk

   Country: United Kingdom

 

7. Glasgow Credit Union

   City/Town: Glasgow

   Postal Code: G5 8BE

   Street Address: 95 Morrison St

   Country: United Kingdom

 

8. Mosshill Credit Union Ltd

   City/Town: Bellshill

   Postal Code: ML4 1QD

   Street Address: 12 Pollock St

   Country: United Kingdom

 

9. North Coatbridge Credit Union

   City/Town: Coatbridge

   Postal Code: ML5 3DG

   Street Address: 5-6 Sunnyside Rd

   Country: United Kingdom

 

10. Greater Govan Credit Union

    City/Town: Glasgow

    Postal Code: G51 3LA

    Street Address: 15 Burleigh St

    Country: United Kingdom

 

11. N H S Credit Union

    City/Town: Glasgow

    Postal Code: G51 2JA

    Street Address: 9 Dava St

    Country: United Kingdom

 

12. Thistle Credit Union

    City/Town: Glasgow

    Postal Code: G73 3AD

    Street Address: 252 Main St

    Country: United Kingdom

 

13. Thistle Credit Union

    City/Town: Hamilton

    Postal Code: ML3 8HJ

    Street Address: South Lanarkshire Lifestyle Building, Neilsland Rd

    Country: United Kingdom

 

14. Levern Credit Union

    City/Town: Glasgow

    Postal Code: G53 6PZ

    Street Address: 100 Priesthill Rd

    Country: United Kingdom

 

15. Grampian Credit Union

    City/Town: Aberdeen

    Postal Code: AB10 1TN

    Street Address: 250 Union St

    Country: United Kingdom

 

16. Moray Firth Credit Union

    City/Town: Forres

    Postal Code: IV36 1PB

    Street Address: 53 High St

    Country: United Kingdom

 

17. Glasgow West Credit Union

    City/Town: Glasgow

    Postal Code: G11 6SB

    Street Address: 434 Dumbarton Rd

    Country: United Kingdom

 

18. North Airdrie Credit Union Ltd

    City/Town: Airdrie

    Postal Code: ML6 9AX

    Street Address: 2 Kippen St

    Country: United Kingdom

 

19. Cumbernauld South Credit Union

    City/Town: Glasgow

    Postal Code: G67 4DT

    Street Address: 14 Airdrie Rd

    Country: United Kingdom

 

20. Newmains Credit Union Ltd

    City/Town: Wishaw

    Postal Code: ML2 9BD

    Street Address: 96 Manse Rd

    Country: United Kingdom

 

21. Inverness Credit Union Ltd

    City/Town: Inverness

    Postal Code: IV3 5LS

    Street Address: 74 Telford St

    Country: United Kingdom

 

22. Port Glasgow Credit Union

    City/Town: Port Glasgow

    Postal Code: PA14 5HU

    Street Address: 1 John Wood St

    Country: United Kingdom

 

23. Newarthill Credit Union

    City/Town: Motherwell

    Postal Code: ML1 5JH

    Street Address: 111-113 High St

    Country: United Kingdom

 

24. Shettleston & Tollcross Credit Union

    City/Town: Glasgow

    Postal Code: G32 7YR

    Street Address: 1290-1294 Shettleston Rd

    Country: United Kingdom

 

25. West Lothian Credit Union

    City/Town: Bathgate

    Postal Code: EH48 4PS

    Street Address: 28-30 North Bridge St

    Country: United Kingdom

 

26. East Kilbride Credit Union

    City/Town: East Kilbride, Glasgow

    Postal Code: G74 4HG

    Street Address: 6-8 The Village

    Country: United Kingdom

 

27. Saltcoats Credit Union

    City/Town: Saltcoats

    Postal Code: KA21 5HN

    Street Address: 16 Vernon St

    Country: United Kingdom

 

28. St Machar Credit Union

    City/Town: Aberdeen

    Postal Code: AB24 2QY

    Street Address: Woodside Fountain Centre, 22 Marquis Rd

    Country: United Kingdom

 

29. Drumchapel Credit Union

    City/Town: Glasgow

    Postal Code: G15 8PS

    Street Address: 200 Drumry Rd East

    Country: United Kingdom

 

30. Rutherglen Credit Union

    City/Town: Glasgow

    Postal Code: G73 2HP

    Street Address: 232 Main St

    Country: United Kingdom

 

31. Ayrshire Credit Union

    City/Town: Kilwinning

    Postal Code: KA13 6AN

    Street Address: 15 Main St

    Country: United Kingdom

 

32. Kilwinning Credit Union

    City/Town: Kilwinning

    Postal Code: KA13 6AN

    Street Address: 47-49 Main St

    Country: United Kingdom

 

33. Lanarkshire Credit Union

    City/Town: Motherwell

    Postal Code: ML1 3BY

    Street Address: 43 Hamilton Rd

    Country: United Kingdom

 

34. Dumbarton Credit Union

    City/Town: Dumbarton

    Postal Code: G82 1RZ

    Street Address: 1 Station Rd

    Country: United Kingdom

 

35. Clydebank Credit Union

    City/Town: Clydebank

    Postal Code: G81 1TL

    Street Address: 33 Kilbowie Rd

    Country: United Kingdom

 

36. Parkhead Credit Union

    City/Town: Glasgow

    Postal Code: G31 5QG

    Street Address: 1360 Duke St

    Country: United Kingdom

 

37. Oban Credit Union

    City/Town: Oban

    Postal Code: PA34 5NA

    Street Address: 41 Stevenson St

    Country: United Kingdom

 

38. Forres Area Credit Union

    City/Town: Forres

    Postal Code: IV36 1PB

    Street Address: 53 High St

    Country: United Kingdom

 

39. Kirkcaldy Credit Union

    City/Town: Kirkcaldy

    Postal Code: KY1 1ET

    Street Address: 9 St Brycedale Ave

    Country: United Kingdom

 

40. Stirling Credit Union

    City/Town: Stirling

    Postal Code: FK8 1DU

    Street Address: 10 Spittal St

    Country: United Kingdom

 

41. Barrhead Credit Union

    City/Town: Barrhead, Glasgow

    Postal Code: G78 1RE

    Street Address: 32 Main St

    Country: United Kingdom

 

42. Greenock Credit Union

    City/Town: Greenock

    Postal Code: PA15 1XP

    Street Address: 75 West Blackhall St

    Country: United Kingdom

 

43. Larkhall Credit Union

    City/Town: Larkhall

    Postal Code: ML9 1DZ

    Street Address: 39 Union St

    Country: United Kingdom

 

44. Nairn Credit Union

    City/Town: Nairn

    Postal Code: IV12 4AU

    Street Address: 62 High St

    Country: United Kingdom

 

45. Strathkelvin Credit Union

    City/Town: Bishopbriggs, Glasgow

    Postal Code: G64 2TS

    Street Address: Unit 23, Strathkelvin Retail Park

    Country: United Kingdom

 

46. Perth and Kinross Credit Union

    City/Town: Perth

    Postal Code: PH1 5QS

    Street Address: 282 High St

    Country: United Kingdom

 

47. Ardrossan Credit Union

    City/Town: Ardrossan

    Postal Code: KA22 8DF

    Street Address: 52 Princes St

    Country: United Kingdom

 

48. Irvine Credit Union

    City/Town: Irvine

    Postal Code: KA12 8AA

    Street Address: 151 High St

    Country: United Kingdom

 

49. Falkirk Credit Union

    City/Town: Falkirk

    Postal Code: FK2 7BH

    Street Address: 218 Grahams Rd

    Country: United Kingdom

 

50. Livingston Credit Union

    City/Town: Livingston

    Postal Code: EH54 5EH

    Street Address: Unit 6, Almondbank Centre, Shiel Walk

    Country: United Kingdom

 

A credit union in Scotland, UK, is a financial cooperative that offers a range of services similar to those provided by banks but with a focus on community and member benefit. Credit unions are not-for-profit organizations, meaning any profits made are typically reinvested back into the organization or shared with members through better interest rates, lower fees, or other benefits.

Key Features of Credit Unions in Scotland

  1. Member-Owned and Operated
    • Credit unions in Scotland are cooperative organizations, meaning they are owned and controlled by their members. Members have the opportunity to vote on important decisions, such as the election of board members or changes to the organization’s rules. This democratic structure ensures that the financial interests of members are prioritized over profit-making.
  2. Services Provided by Credit Unions Credit unions offer a range of financial products and services to their members, which may include:
    • Savings Accounts: Credit unions offer safe and secure savings options. The savings you contribute may earn dividends (a share of the profits). The rate is typically higher than traditional banks because the credit union is a not-for-profit entity.
    • Loans: One of the most common services provided by credit unions is offering low-interest loans to members. These loans often come with more flexible terms than those available from commercial banks. The rates are generally lower, and credit unions take a more personal approach to lending, ensuring that members can afford repayments.
    • Current Accounts: Some credit unions in Scotland offer current (checking) accounts with features such as debit cards, online banking, and bill payment facilities. However, the availability and features of current accounts can vary between credit unions.
    • Mortgages: Certain credit unions offer mortgage products, though not all do. These mortgages tend to be more accessible, particularly for individuals who may struggle to secure a mortgage through a high street bank.
    • Insurance: Some credit unions offer insurance services, including life insurance, car insurance, and home insurance, often at competitive rates.
    • Prepaid Cards: Some credit unions issue prepaid debit cards, allowing members to load money onto a card for everyday spending, much like a bank card.
  3. Eligibility for Membership
    • Credit unions in Scotland are typically based on a common bond. This means that members must meet certain criteria to join. Common bonds can be based on factors such as:
      • Geographical location: Some credit unions serve specific towns, cities, or regions within Scotland, such as Glasgow, Edinburgh, or Aberdeen.
      • Employment: Certain credit unions may serve employees of specific companies, industries, or sectors (e.g., the public sector, healthcare, or education).
      • Faith or Religious Affiliation: Some credit unions are community-based around specific religious or faith groups.
      • Social and Community Connections: Other credit unions may serve members who belong to specific social, cultural, or community groups.

    Membership is usually open to anyone who meets the criteria, and most credit unions have a simple, affordable membership fee.

  4. Benefits of Using Credit Unions
    • Lower Fees and Better Rates: Credit unions typically offer better interest rates on savings accounts and lower rates on loans compared to traditional banks. This is because credit unions aim to support their members rather than generating profits for shareholders.
    • Personalized Service: Credit unions are known for their customer-focused approach, often offering a more personalized service than high-street banks. This can be especially helpful for individuals who are looking for advice on managing their finances or have unique lending needs.
    • Community-Focused: As member-driven organizations, credit unions often invest in their local communities. They might support local projects, offer financial education, and even provide assistance to individuals who may not be eligible for loans at mainstream banks.
    • Financial Inclusion: Credit unions play a significant role in supporting financial inclusion, particularly for people who might not have access to traditional banking services, such as those with a poor credit history. They offer an alternative source of finance for people who find it difficult to get loans or credit from high street banks.
  5. Regulation and Security
    • Credit unions in Scotland are regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), ensuring that they meet financial standards and offer a high level of protection to members.
    • In addition, credit unions in the UK are members of the Financial Services Compensation Scheme (FSCS), which protects deposits up to £85,000 per member in case the credit union fails.
  6. How to Join a Credit Union in Scotland
    • Find a Credit Union: There are many credit unions across Scotland. The Scottish League of Credit Unions (SLCU) and the Association of British Credit Unions Limited (ABCUL) are good resources for finding credit unions in specific areas of Scotland.
    • Membership Application: Once you’ve identified a credit union that you’re eligible for, you can typically apply online, in person, or over the phone. You may need to provide identification and proof of your eligibility (e.g., address verification, proof of employment, or community affiliation).
    • Deposit and Fees: To join a credit union, you will usually need to make a small deposit into a savings account. This initial deposit is typically low, making credit unions accessible to a wide range of people. Additionally, there may be a small membership fee.
  7. Notable Credit Unions in Scotland Some of the prominent credit unions serving members in Scotland include:
    • Scotwest Credit Union: Based in Glasgow, Scotwest is one of Scotland’s largest credit unions, offering savings and loan products to members in Scotland.
    • Edinburgh Credit Union: Serving the capital, Edinburgh Credit Union provides financial services to residents and people working in the city.
    • Aberdeen & District Credit Union: Aiming to serve the community of Aberdeen, this credit union offers a wide range of financial products and services.
    • Capital Credit Union: Serving the Edinburgh region and surrounding areas, Capital Credit Union provides affordable loans and a variety of other financial products.
  8. Challenges Faced by Credit Unions
    • Competition from Banks: Credit unions face competition from large high-street banks and increasingly from online financial institutions. While they offer a more personalized service, they can struggle to match the technology and infrastructure of larger financial institutions.
    • Financial Education: One of the challenges for some credit unions is educating their members about the range of services they offer. While credit unions are known for their good rates and personal service, raising awareness and helping members understand their options can be a challenge.
  9. Future of Credit Unions in Scotland
    • Credit unions in Scotland continue to grow in both number and services. Many are exploring digital transformation, offering online banking services, and adapting to changing customer expectations.
    • With increasing concerns over financial inclusion and rising demand for ethical and community-focused financial services, credit unions are well-positioned to meet the needs of Scottish residents looking for alternative banking options.

Conclusion

Credit unions in Scotland offer a valuable alternative to traditional banking institutions, particularly for those seeking lower-cost loans, higher savings rates, and a community-driven approach to finance. With a wide range of products and services tailored to meet the needs of members, they provide accessible and responsible financial services to individuals across Scotland. Whether you’re looking to save, borrow, or invest in your community, credit unions can be an excellent option for your financial needs.