Stevenage Credit Union ltd

"Stevenage Credit Union was established in 1995 by a group of local people in the community, with the support of Stevenage Borough Council.Credit Unions are worldwide movement of not-for-profit co-operatives. They offer a real alternative way to save or borrow, providing low cost personal loans, easy ways to save and free life insurance.Credit Unions operate by using members’ savings to make loans to members, the interest from the loans offsets the cost of running the Credit Union and depending on how much surplus they make, pay an annual dividend interest payment to all members.Credit Unions are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority."