Loans

"The Credit Union offers a range of services to our members"

Loans

DO NOT COMMIT ANY FUNDS TO EXPENDITURE UNTIL A LOAN DECISION HAS BEEN MADE.

White Rose Credit Union Ltd offer loans exclusively to credit union members.

Advantages Of A Loan From Your Credit Union

• White Rose Credit Union offers loans for a variety of purposes.
• Credit Union loans are very flexible, you can borrow small or large amounts and over different periods.
• The interest rate is fixed, so if general interest rates change your repayments will not.
• Interest is charged only on the outstanding balance.
• There are no arrangement, set-up, or hidden fees.
• There are no charges if you want to pay the loan off early.

Loans Policy

The Credit Committee and Loan Officers are the individuals within the Credit Union that administer the loans policy and procedures. The Credit Committee members are all volunteers and are authorised by the Board to determine the loans policy, subject to regulatory requirements and the Credit Union’s rules. Loan Officers are members of staff who support the Credit Committee by authorising loan applications within policy.

The loans policy is applied equally to all members regardless of their qualification. The Credit Union has an obligation to lend prudently and productively, to protect members’ savings. Maintaining a responsible balance between savings and loans is central to the Credit Union’s philosophy.

Changes In Personal Circumstances

Any member who has a problem making their repayment should contact the Credit Union staff at the earliest opportunity, all information is treated in strictest confidence.

Loans may be subject to credit checks.

Types of Loans

Standard Loan

Liberty Loan

House Proud Loan