Coastal Credit Union is an ethical, not-for-profit co-operative, run by staff and volunteers and open to anyone who lives, works or volunteers in Dorset.
The main aim of a credit union is to encourage members to save regularly. By regular saving, members can help their local community whilst still keeping their own money safe. Eligible deposits are protected up to a total of £75,000 by the Financial Services Compensation Scheme (FSCS) the UK’s deposit protection scheme. Coastal Credit Union can at present take a maximum of £15,000 in savings per member.
The credit union provides affordable loans to members at a fair rate of interest with the majority of loans linked to a savings plan. Interest rates are competitive, especially compared with payday loans and doorstep lenders. There are no hidden costs and no penalties for early repayment.
Becoming a Member
To open an account you will need to complete a Membership Application Form and provide original documentation to confirm your ID, address and your National Insurance Number.
The Membership Fee is £5 and the Membership Share deposit is £1.
Membership Application Form
As a Member you have an open invitation to attend the Board meetings. These are held on the 3rd Wednesday of the month, 9 months per year. Please contact 01202 566878 for dates and the venue.
VOLUNTEER STAFF provide a friendly face in our Service Points in the BH postcode area!
Take a step forward as a Coastal Credit Union Volunteer and join us to serve the local community! Travel Expenses will be paid.