Anyone can open an account with a credit union including working/non working, retired people and those with poor credit records.
Many people have got out of the habit of regular saving - and live life on endless credit and loans. Two in three people will still be paying off debt next Christmas for gifts and food for last Christmas.
A child that doesn’t know how to save will face a stressful adult life relying on credit and loans.
Credit unions take a responsible attitude to lending encouraging regular saving before you can take out a loan. While doorstep loan companies may give you an immediate loan - you certainly pay for it with around ten times higher interest!
Just think . . . a first time buyer now has to raise a minimum deposit of 10% which is £15,000 on a £150,000 house. How is your child going to afford to buy a home of their own if you don’t teach them to save?
Join the Credit Union
Credit unions are becoming more and more popular – especially since all the negative publicity over the big banks - and you’d be surprised at whose doing it . . .
Many employers arrange Payroll Savings schemes for their staff.
Coastal Housing staff save with the union, Tata Steel staff in Port Talbot save with the union, NPTCBC staff save with the union and so many more . . .
School Savings NPT Credit Union runs saving clubs in 12 local schools - is your child a member? School savings clubs make it easier to budget for school trips and Prom events.
Loans
Applications for loans are treated sympathetically and if approved you will get a cheque to cash at any Post Office or a same day BACS transfer to your bank account. Loans are currently offered with an interest rate of 19.6%. A typical £1,000 loan over one year will cost you £1,196 – so much cheaper than your average doorstep lender!
Child Trust Funds
You can open a Child Trust Fund Savings Account with NPT Credit Union and make that money work harder for your childs’’ future.
Many people have got out of the habit of regular saving - and live life on endless credit and loans. Two in three people will still be paying off debt next Christmas for gifts and food for last Christmas.
A child that doesn’t know how to save will face a stressful adult life relying on credit and loans.
Credit unions take a responsible attitude to lending encouraging regular saving before you can take out a loan. While doorstep loan companies may give you an immediate loan - you certainly pay for it with around ten times higher interest!
Just think . . . a first time buyer now has to raise a minimum deposit of 10% which is £15,000 on a £150,000 house. How is your child going to afford to buy a home of their own if you don’t teach them to save?
Many employers arrange Payroll Savings schemes for their staff.
Coastal Housing staff save with the union, Tata Steel staff in Port Talbot save with the union, NPTCBC staff save with the union and so many more . . .
School Savings NPT Credit Union runs saving clubs in 12 local schools - is your child a member? School savings clubs make it easier to budget for school trips and Prom events.
Loans
Applications for loans are treated sympathetically and if approved you will get a cheque to cash at any Post Office or a same day BACS transfer to your bank account. Loans are currently offered with an interest rate of 19.6%. A typical £1,000 loan over one year will cost you £1,196 – so much cheaper than your average doorstep lender!
Child Trust Funds
You can open a Child Trust Fund Savings Account with NPT Credit Union and make that money work harder for your childs’’ future.
Unlike banks and building societies, there are no annual charges.
Credit Union Accounts
From September NPT Credit Union will also be offering current accounts and debit cards.
If you are not working, you can have your benefits or pension paid into your credit union account and withdraw the money when you need it. If you get direct payment of benefits, then the credit union can forward the housing benefit element - your rent - directly to your housing association for you.
Credit Unions are truly democratic financial co-operatives – owned by the members for the members.
There is absolutely no risk to your savings. Directors are not paid and they don’t get fat cat bonuses like with the big banks.
Regulated by the Financial Services Authority (FSA) Members of the financial compensation scheme
Easy Access
With an office in Windsor Road, Neath a second office has recently opened on Station Road, Port Talbot and thirteen Community Savings Points as well as a mobile office - using your credit union is easy and . . .
You no longer need to be living or working in the same area as the credit union you join!
Keep your money local - join the credit union!
Neath Port Talbot Credit Union
26 Windsor Road, NEATH SA11 1LU
OPEN: Monday to Friday 9.30 to 2pm
Phone: 01639 632100/1
Credit Union Accounts
From September NPT Credit Union will also be offering current accounts and debit cards.
If you are not working, you can have your benefits or pension paid into your credit union account and withdraw the money when you need it. If you get direct payment of benefits, then the credit union can forward the housing benefit element - your rent - directly to your housing association for you.
Credit Unions are truly democratic financial co-operatives – owned by the members for the members.
There is absolutely no risk to your savings. Directors are not paid and they don’t get fat cat bonuses like with the big banks.
Regulated by the Financial Services Authority (FSA) Members of the financial compensation scheme
Easy Access
With an office in Windsor Road, Neath a second office has recently opened on Station Road, Port Talbot and thirteen Community Savings Points as well as a mobile office - using your credit union is easy and . . .
You no longer need to be living or working in the same area as the credit union you join!
Keep your money local - join the credit union!
Neath Port Talbot Credit Union
26 Windsor Road, NEATH SA11 1LU
OPEN: Monday to Friday 9.30 to 2pm
Phone: 01639 632100/1
9:30 AM to 3:00 PM Monday to Friday. 10:00 AM to 12:00 noon on Saturdays.
Port Talbot Branch
50-54, Station Road,
Port Talbot, SA12 1LZ.
9:30 AM to 3:00 PM Monday to Friday.
Commercial Road,
Taibach
9:30 AM to 11:30 AM Monday to Friday.
Swansea Credit Union (LASA)
139 Walter Road Swansea SA1 5RQ
Opening times Mon-Fri 10-3
Phone: 01792 643632
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