Ethical Savings and Affordable Loans

PCCU offer ethical savings and affordable loans. PCCU is a not for profit co-operative that anyone within the common bond can join and become a member/stakeholder. 

We keep YOUR finances in YOUR community.

Long term savings account - When you join PCCU you automatically open this account. Members without loans can save as much or as little as they can afford, as frequently as they wish.

Easy access - There are no minimum savings levels, and there is not a maximum number of withdrawals permitted. Available to all adult account holders.
This account is not affected by an outstanding loan balance, so is perfect for those looking to save whilst repaying a loan.

Christmas club - This account enables you to save throughout the year but withdrawals can ONLY be made during November and December. This means that Christmas savings really are just for the Christmas period.

Young Savers - This account can be opened by anyone including parents, grandparents or friends. The account gives the young saver a chance to appreciate the need to build savings in order to pay for items. PCCU aims to promote thrift and provide saving accounts for the whole community and believe it is important to start savers young.

Loans -
You can apply for an affordable loan today online, or contact a member of staff to get a free quote and discuss borrowing options. There are NO requirements of loan applicants already being account holders, savers or previous borrowers.

Rates between 12.7% APR and 42.6% APR on the decreasing balance – so the interest is always reducing
Loans from £150 – £15,000
Loan decisions by people not computers
NO setup fees
NO late payment penalties
NO early settlement penalties
Loan decision within 48 hours 

PCCU’s £500 Family Loan & Saving Scheme lets you borrow and use your Child Benefit for the repayments. Complete a simple loan application, with no credit check – after an affordability assessment your Family Loan can be ready in no time at all.

How PCCU works -

With our savings account, the savings are protected by the FSCS £85,000 + free life insurance (Subject to rules) on savings held at PCCU up to £5000.
From the money the account holders save, behind the scenes those savings then build a collective pool savings, from which we issues affordable loans to our account holders. The money the loans make in interest allows the credit union to operate. Any surplus profits are returned to the account holders in the form of a dividend.

With our saving accounts there are no account fees, no annual charge, no requirement to have two direct debits or standing orders coming out of your account monthly. We do not try to cross sell you travel insurance or mobile phone cover. We just allow you to save as little or as much as you like - saving made simple.
All account holders have access to our secure ‘Online Account Area’. Where balances can be viewed, withdrawals can be requested via BACS transfer and loan applications can be submitted.





This service covers: Cumbria, Preston, Lancashire

Service access criteria: To join, it is a £1 one off joining fee and £1 to keep the account open at all times. We need two forms of ID. 1 needs to be something to link you to your address ( a letter that has come through the post within the last three months) and photo ID. If you do not have photo ID, we can accept two letters that has come through the post within the last three months
Financial advice and support
Helping with money
Additional needs catered for:
Waiting list (weeks): 0
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