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Tel: 01902 572340 Email: contactus@wccul.co.uk

NewsCampaign promotes affordable loans for mums in Wolverhampton and South Staffordshire
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11-August-2016
Campaign promotes affordable loans for mums in Wolverhampton and South Staffordshire

Wolverhampton City Credit Union is helping to keep local mums from the clutches of payday and high interest lenders with a campaign to promote ethical loans to meet the big expenses of family life.

Mums are being invited to save all or part of their Child Benefit to get a low-interest loan of up to £500.00, representative APR 34.90%.

Credit union manager Matt Goulding said: “We all want the best for our kids, but making it happen isn’t easy. By saving all or part of their Child Benefit with the credit union, we can help mums access ethical, affordable loans to cope with the big purchases like school uniforms, birthdays and Christmas.”

Once people become credit union members and take out a loan, they can also apply for instant top-up loans when they have paid at least £200.00 off their balance and the total balance is below £1,000.00.

“It can be tempting to turn to payday lenders, doorstep lenders or worse when you’re trying to managing a tight budget. But high interest loans only make matters much worse.

“Instant top-up loans while you wait are also available to members who have paid at least £200.00 off their balance and the total loan balance is below £1,000.00. That way, you won’t be tempted to turn to high interest lenders - or worse.

*WCCU considers all loan applications from our members individually, helping people to borrow responsibly according to their ability to repay.


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  • Wolverhampton City Credit Union
  • Tel: 01902 572340
  • Email: contactus@wccul.co.uk