Used in conjunction with other financial services, credit unions can help you plan for the future

As a credit union we encourage all our members to use a variety of financial institutions in order to get the most from their finances. However, at times it can be difficult to distinguish the differences between them, therefore we have created a small guide to help you:

Banks are organisations that are owned by their shareholders. Their aim is to maximise profits for its shareholders through its financial activities.

Building societies are mutual organisations and tend to offer savings products and mortgages rather than loans.

Credit unions are community-focused mutual organisations, and encourage all members to save. In order to access their services, you must become a member.