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NewsSpread the costs of Christmas with an affordable loan
Spread the costs of Christmas with an affordable loan

Not-for-profit community bank Wolverhampton City Credit Union is offering low interest Christmas loans to help people avoid problem debt and financial hardship in the New Year.

Open to people living or working in a WV postcode area, the credit union offers competitive rates of interest on its loans - from 6.1% APR to 34.9% APR depending on the size of loan, term of repayment and circumstances.

It is also offering a loan of up to £1,000 during November and December at a rate of just 1.25% per month - 16.08% APR - exclusively for staff who work for the following local employers who have signed a payroll deduction scheme partnership with the credit union:

  • The Accord Group
  • City of Wolverhampton Council
  • South Staffordshire Council
  • South Staffordshire Housing Association
  • Royal Wolverhampton NHS Trust
  • Wolverhampton Homes

Credit union manager Matt Goulding said:

“Christmas is the most expensive time of year and people can feel pressured to take out high interest loans to pay for the festivities. But these loans can leave families struggling financially in the New Year. The credit union offers an ethical, affordable alternative.”

Loans are available to people who are credit union members - you can join online for free.

The deadline for loan applications is December 2 - or December 16 for people who are members of a workplace payroll deduction scheme run by the credit union. You can apply online.

To apply in person, print off and complete a Loan Application Form or collect one from the credit union’s branch at 73 Worcester Street, or its counter on the ground floor of the Civic Centre. Alternatively, call us for a form on 01902 572340

Find Us here:
  • Wolverhampton City Credit Union
  • Tel: 01902 572340
  • Email: