Solent Credit Union

• Membership of Solent Credit Union is open to anyone over the age of 16 living within the SO postal districts. • There is a one-off joining fee of £1 for adult members (to cover administration costs). • Solent Credit Union also operates a Junior Savings Club which is freely available to under 16s.

Unit 3, 1 - 16 Hollybrook Road Upper Shirley Southampton

• Flexible savings to suit your needs - payments can be made as often as you want • Save any amount from £1 per week - the choice is yours • You can save up to £10,000 • Saving money with your Credit Union is easy - you can pay in to your account locally at the office or collection point. You can also save by standing order • Solent has collection points across the city. Please see How can I save? for current details • You may receive an annual dividend on savings • Opportunity to save for special occasions - such as Christmas, holidays or school trips • Your savings support a local organisation helping local people • Free life savings insurance - if you die, your family may receive as much as twice your savings - ask the Solent office for details

Advantages of a loan from Solent Credit Union • Loans can be applied for by any member, once they have been saving regularly for three months • The maximum loans are very flexible - you can borrow small or large amounts over different periods • Our interest rate is fixed - so if bank interest rates change, your repayments will remain the same • Interest is charged only on the amount still to be repaid - not on the full amount of the loan • There are no arrangement, setup or hidden fees • You may be able to pay the loan off early, in which case there would be no charges • Loans can be for a variety of purposes, such as holidays, car repairs, new appliances or to spread the cost of Christmas • The interest rate is just 1% (12.68% APR) per month which is a very competitive rate, especially for smaller loans • Loans are automatically covered by life insurance if you die under the age of 65 Affordable Loans - Regular savers can apply for loans for a wide variety of purposes. The interest rate on loans is just 1% per month. ( 12.68% APR ) Pay Off that credit card bill!