Not for Profit Organisation

What is a Credit Union?

Credit Unions are not-for-profit organisations which are owned and controlled by members, with no outside shareholders to satisfy. Members save regularly every month, and this forms a pool of money which is lent to members by way of loans at reasonable rates of interest.

Basildon Credit Union Ltd. is an ethically focused Financial Co-operative with our members at the heart of everything we do. We want our members to have a unique experience when dealing with our team and are fully committed to the principals of the FCA Consumer Duty which sets higher and clearer standards of consumer protection and requires us to put customers’ needs first. We recognise that our employees and Directors are critical to delivering a positive member experience and ensuring our members are treated fairly. Our culture and values encourage and support our team to do this.

Savings / Loans / Memberships

Our Services


  • Save from as little as £5.00 per month
  • Payroll deductions make saving easy
  • No hidden charges or fees on any transactions
  • Confidentiality is respected at all times
  • Depending on reserves, shares are eligible for an annual dividend
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  • No set up or early settlement fees
  • Borrow from £50 to £7,000 at a preferential rate
  • Repay your loan by payroll deduction or direct debit
  • Loans available for new members & existing members regardless of your share balance
  • Competitive and affordable rates of interest
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Join your credit union today for an easy and convenient way to save, and a cheaper way to borrow.

Membership is open to anyone over the age of 16, living and/or working within the County of Essex

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