A Credit Union is simply a community-based financial cooperative, owned and operated by its members, providing an alternative to commercial banking, pay day loans and doorstep agents for all members of the local community – regardless of situation, credit record and financial history.


Credit Unions are held to the same stringent regulations as the banking industry, providing many of the same services– but without the hidden charges, fees and penalties. Best of all, credit union members money remains in their local community, benefiting other members, friends and relatives - every penny saved with us is one more penny in the pot to help the other members of the community.

People putting the pieces together concept

• Borrowing is based on YOUR savings and YOUR ability to repay.

• No hidden charges, fees and no penalties for early settlement.

• Fully inclusive to all members of the community: Business, Families, Employed or Unemployed, Young People or Retired.

• You decide how much you wish to save on a weekly, fortnightly or monthly basis.

All funds are protected through the FCA/PRA compensation scheme up to the value of £75,000 per member. However, our Maximum savings allowance is £15,000 - so your savings are always 100% protected.
We also offer a death benefit scheme that will pay off your loan and increase your savings by at least 25%, providing peace of mind for your loved ones.

NESCU is regulated by the Financial Conduct Authority and the Prudential Regulation Authority; Number 225531.