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Saving with Cheshire Neighbours

Credit unions provide an friendly local service. Members can save whatever and whenever they want from £5 to £10,000. Savings are easily accessible, providing a safe way to plan for Christmas, holidays or just for that rainy day!

We encourage regular saving and have a number of accounts to meet your needs. There is the share account which is the general savings account, Christmas saver for putting money away for Christmas. No withdrawals are allowed on this account till November. We also have a junior savers account for our younger members. You can set up a standing order to save to you account, use a Paypoint card to pay in with or if you are working for an employer who has payroll deduction set up you can even save directly  from your pay.  You can pay in at any of our collection points or post in a cheque to our Crewe branch.

Remember saving with Cheshire Neighbours helps the local community that we operate in and you live in! It is that saving pot that allows us to lend to local people.

Withdrawals can be made in person at any collection point or branch all we ask is for 48 hours notice of the cash withdrawal. We can also deposit your withdrawal directly to your bank account.

We can also look to operate our junior saving account through schools or youth clubs. If you would like to develop a school bank for pupils or a youth club based scheme please contact us on Crewe 01270 586217 to discuss it further. We will be only to happy to provide a link person who can support your scheme and we can provide the relevant stationary to ensure all savings are recorded and logged and deposited with the credit union.

Payroll saving

Saving and repaying loans regularly through your payroll is the convenient and simple way to enjoy membership of your credit union.

By creating a working relationship with local businesses we contribute to the feeling of community and believe that Payroll schemes help this relationship to grow. We have many payroll schemes set up with both large and small local businesses, and also welcome the opportunity to develop our relationship with employers in our community through sponsorship, volunteering support, advertising and promotion.

Some of the local organisations who already have a well established relationship with CNCU include:


As we extend into the two new authorities we hope that many more local businesses and organisations will come on board.

If you would like your organisation to find out more about Cheshire Neighbours Credit Union please get in touch with our Payroll Development Worker email payroll@cncu.co.uk or telephone 01270 586217.

Borrowing from Cheshire Neighbours

Only members over 18 years old can apply for a loan. The interest rate you will pay depends on how long you have been saving with the credit union and how much you have in your savings account. New borrowers can borrow up to £500 and will pay interest on the loan of 2% per month. There are other schemes for members who have savings which can secure the loan.

Applicants must provide two forms of ID (ask at one of our offices if you’re not sure what is acceptable). We reserve the right to carry out credit reference checks.

To borrow from the credit union you need to fill out an application form giving full details of your income and expenditure. We are able to help you to work out how much you need to borrow, how much you are able to save and what your regular repayments will be. Just ask for an appointment with a money management adviser.

* all the information you give us in your application is strictly confidential.


Why we are different

If you borrow £100 from CNCU and pay it back at £2.18 per week over 52 weeks you will pay back £113 all together. If you borrow the same amount from a home credit provider you will pay back £3 per week over 55 weeks and pay back £165 all together*.

If you borrow £500 from CNCU and pay it back at £10.88 per week over 52 weeks you will pay back £565.50 all together. If you borrow the same amount from a home credit provider you will pay back £15 per week over 55 weeks and pay back £825 all together*.

*typical figures (correct at time of press)

Plus no penalties for early repayment. Free Life Insurance protection (if eligible)

© 2009 CNCU