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Credit unions expand business offerings

MCU provides 'affordable choice'

A range of new products is being offered by the Manx Credit Union.

Members can now take a loyalty saver loan, available at an interest rate of 3.4 per cent, and take part in a unique 'Save As You Borrow' loan, which encourages members to build up their saving at the same time as making loan repayments.

The new offering builds upon the MCU's existing starter loan of up to £500, available for when emergencies occur, or money is needed quickly.

Chairman of the Credit Union, David Talbot, says the new loans give members an affordable choice when planning their finances.

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