Milton Keynes Credit Union

You must live or work in the Milton Keynes council area to become a member.

Credit Unions offer a few different unsecured loans for any purpose. Their loans are fairly cheap and are based on your proven ability to repay, this is why they do a thorough check of your income and expenditures. You need to be a member and you can apply for a loan after you have started saving with them for at least 3 months or 13 weeks. For members who wish to borrow over £2000 they must have been saving regularly for 6 months at the time of their application.

First you will need to become a member of the union. To apply for a loan, you need to complete the Loan Application Form (see example below), which you can get from their office or a collection point. You then need to send it into their office or a collection point. All loans are reviewed by the Loan Officer. They will inform you of their decision as soon as possible and you will be asked to sign a Loan Agreement.

The process may in some cases take up to two weeks so this is not a good option for you if you need your money quickly. You cannot manage your loan online so if you need to make changes, you need to contact them or go into a branch. With credit unions, the money you are borrowing is the money of other members, so if you fail to make payments, they take this very seriously. Their opening hours are very limited, which makes it difficult for you to go in to organise all your documents and sign your agreement. On the other hand, they want to help you rebuild your finances if you haven't got a good history. Their rates are extremely low and their repayments are really small each month.

Lakes Estate Friday: 10:30am-12:30pm

Stantonbury Saturday: 10:00am-12:00pm

Wolverton Friday: 10:00am-12:00pm

Bletchley Thursday: 12:30pm-2:30pm

Netherfield Monday: 12:00pm-2:00pm

Fishermead Tuesday: 11:30am-1:30pm

Greenleys Wednesday: 9:30am-12:30pm