Liberty Credit Union is one of hundreds of UK credit unions offering a simple range of financial products including savings accounts and loans to people with a “common bond”. This common bond might be those who live and work in an area or who work for the same company. We currently have more than 2,000 members and are growing fast.
Liberty Credit Union offer savings accounts and low cost loans to the those who live or work in Havering, Barking and Dagenham or Redbridge. We are a local, ethical organisation, our operating costs are kept low and profits are effectively paid back to the members. All credit unions are strictly regulated and monitored to protect the members’ savings and interests.
To become a member of a credit union you open a savings account. Savers are paid interest in the form of an annual dividend and borrowers pay interest on their loan.