SurreySave Credit Union

About

SurreySave is a new not-for-profit community bank for everyone in Surrey and Kingston. Locally delivered and ethically focused, we offer excellent value loans and savings for all who live or work in Surrey or Kingston.

Story

SurreySave Credit Union is a not-for-profit community bank offering professional financial services for all who live or work in Surrey or Kingston.

SurreySave was started by a group of volunteers from Guildford, Mole Valley, Woking and Waverley, who spent many years raising local support and finance to set up Surrey’s very own credit union. Most of our support came from local borough councils, housing associations, charities and Legal & General.

Credit unions are popular in the Americas, Australasia and Ireland, but relatively new to Britain where their role was carried out traditionally by local building societies. When these were taken over by mainstream banks, British people lost access to community-owned and run financial services. But over the last decade, membership of the UK’s 500 credit unions has tripled – and their savings and loans have quadrupled.

Credit unions are owned and controlled by their members. Profits are used to grow the business, or passed back to members as interest or dividends.

We exist to help our members help themselves, encouraging them to develop sensible financial habits and understand the true cost of credit. Whenever possible, we assist those who struggle to make ends meet, helping them up the ladder to financial health.

Mission

To be the first choice for low cost, high quality ethical financial services serving all who live or work in Surrey and Kingston.