Savings

Our credit unions encourage their members to save regularly to make the most of their money. There is no minimum amount you have to save and you can choose to save as little or as often as you please. There are several ways to save – via local collection points, by direct debit, standing order or by having money deducted directly from your wages.

Credit unions are members of the Financial Services Compensation Scheme established under the financial services act 2002. In respect of deposits with a UK office, payments under the scheme are limited to 100% of the first £85,000. This may be subject to change. Please visit www.fscs.org.uk for the latest details.

The following credit unions offer saving accounts:

Gleniffer Credit UnionJohnstone Credit Union LtdRenfrewshire-Wide Credit UnionScotwest Credit UnionWhite Cart Credit Union Ltd
 

Loans

Our credit unions offer a variety of good value, low rate interest loans. Whether you are looking to buy a house, new car, book a holiday or just borrow for Christmas, there is a loan product for everyone.

The following credit unions offer loans products:

Gleniffer Credit UnionJohnstone Credit Union LtdRenfrewshire-Wide Credit UnionScotwest Credit UnionWhite Cart Credit Union Ltd
 

Mortgages

All of our credit unions offer loan products, but some of our credit unions offer product specific loans such as mortgages.

The following credit unions offer mortgages:

Scotwest Credit Union
 

Funeral Plans

Some of our credit unions offer Funeral Plans to assist their members with the costly expense of a funeral. This plan gives members the opportunity to pay into a plan, which will ensure that their family members do not have worry about this expense at an already difficult time.

The following credit unions offer funeral plans:

Gleniffer Credit UnionRenfrewshire-Wide Credit UnionWhite Cart Credit Union Ltd
 

School Credit Unions

Our credit unions have several established Primary School Credit Unions throughout Renfrewshire. Adult volunteers support primary 6 and 7 children to run collections for pupils who wish to save money. School credit unions enable the children to save money as well as gaining essential life skills along the way. These skills and saving habits should follow the children into adult life and enable them to develop a relationship with credit unions from an early age.

The following credit unions are based in primary schools:

Johnstone Credit Union LtdRenfrewshire-Wide Credit UnionScotwest Credit UnionWhite Cart Credit Union Ltd
 

iSave

Our credit unions offer every primary 7 pupil, moving into secondary school, the opportunity to save with credit unions through iSave. iSave is an initiative created by Renfrewshire Council that gives each pupil £10 to open their account and continue to save with collections at school.

The following credit unions are based in secondary schools:

Johnstone Credit Union LtdRenfrewshire-Wide Credit UnionScotwest Credit Union
 

Junior Accounts

Our credit unions offer the Junior Savings Account for children from birth up to 16 years of age. This helps to establish smart money management from a young age.

The following credit unions offer Junior Accounts:

Gleniffer Credit UnionJohnstone Credit Union LtdRenfrewshire-Wide Credit UnionScotwest Credit UnionWhite Cart Credit Union Ltd
 

Payroll Deduction

Our credit unions offer a Payroll Deduction scheme for several employers, large and small, from across Renfrewshire. This scheme enables staff to make payments to their credit union directly from their wages. This scheme is very simple for employers to implement as all the administration is carried out by the credit union. It’s a great employee benefit for organisations to offer.

The following credit unions have employee partnerships:

Johnstone Credit Union LtdRenfrewshire-Wide Credit UnionScotwest Credit Union