A credit union is a not-for-profit financial cooperative, set up and controlled by its members in order to benefit their community

Credit Unions help their members take control of their finances by encouraging regular savings.

Credit unions work by members saving in to a common fund. That fund is then used to give short-term loans to members should the need arise. Members are strongly encouraged to save as much and as often as circumstances allow.

In order to join any credit union, you must have something in common with its members – for example, a common locality or workplace. At Highland Communities Credit Union, that common factor is living or working in the Highland region.

Credit unions exist solely for the purpose of providing services for their members rather than making profits for third party shareholders.

SAVINGS

Discover a simple, rewarding way to save with your local credit union. Save as much or as little as you want, when you want.

LOANS

We offer our members flexible loans at affordable rates of interest. All interest is reinvested back into the credit union itself.

ABOUT US

We provide services to members across the Highland region. Find out more about both the credit union movement and our history.

Why join us?

Become financially fitter
Develop a savings habit
Access lower interest rates
Plan for your future
Improve overall well-being
Access to other financial services
Support a not-for-profit organisation

An alternative to banks, credit unions can give you the assurance that your money is not rewarding outside shareholders nor paying large bonuses – all the interest on loan repayments is reinvested back into the credit union itself in order to pay for operational costs and (should the credit union be in a position to do so) an annual dividend for its members.

Like other financial institutions, credit unions are strictly regulated, and are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. All savings are covered by the Financial Services Compensation Scheme, so you can feel confident that your money is safe.

MEMBERSHIP