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Nottingham Credit Union

This is a socially responsible, non-profit provider of financial services for anybody who lives or works in the city.

The credit union offers safe and easy ways to save your money. Low interest loans mean you can borrow safely without incurring crippling interest charges.

Unlike other financial organisations, the credit union pay a dividend on your savings, not interest. At each Annual General Meeting, members decide the dividend rate for the year. This decision is based upon how many members we have, and how much money we have made.

The dividend paid is competitive compared to high street interest rates, and every effort is made to maximise the amount of extra money which goes into the dividend paid out to every member.

For further details on local credit unions please ring Nottingham Credit Union, free phone 0800 093 70 90.

'Loan sharks'

These are disreputable organisations which charge extremely high rates of interest and often use violence, intimidation, threats and blackmail on people who fall behind with their payments. Our staff and Nottingham City Council are referring people to partner agencies to track down and take tough action against loan sharks. More information from Nottingham City Council.