Barrow & District Credit Union
Welcome to Barrow and District Credit Union's Facebook Page.
Credit Unions are community savings and loans co-operatives, offering members the chance to save regularly and to access affordable loans.
All credit unions are not-for-profit organisations owned and controlled by their members. They are run by and for local people and any surplus is paid out as a dividend to savers or retained to develop credit union services.
All savings are protected by the Financial Services Compensation Scheme in the same way as savings in banks and building societies, and decisions on where and how any surplus is invested are made in line with strict regulations set down by the Financial Services Authority (FSA).
Our Mission
Our Mission is to develop a member-owned, community based financial co-operative that :-
Offers its members a high quality, economic and social service in an efficient and ethical manner.
Is locally run by and for the benefit of its members.
Offers access to savings and affordable, responsible credit.
Shares its profits with its members.
Supports the ethics and values of the worldwide credit union movement.
Our Aims
Our aims will be to :-
Promote the advantages of credit union membership;
Encourage saving and financial capability;
Create sources of credit for the benefit of our members at a fair and reasonable rate of interest;
Employ members’ savings for their mutual benefit;
Train and educate members of the community, including children and young people, in the wise use of money, the management of their financial affairs and the successful operation of a co operative business.
