Affordable credit and secure savings for Sunderland residents and employees
Sunderland City Council has been delighted to announce their partnership with Moneywise Credit Union, bringing affordable credit and secure savings to Sunderland residents and employees.
We have shared a range of financial support measures during the COVID-19 crisis and we know that it has been challenging for many residents and we would like to help support you through these unprecedented times and start planning for your future.
The Credit Union offers an ethical affordable way to access loans to help borrow wisely or start saving to be prepared for the future.
Why you can have confidence?
Moneywise is the biggest Credit Union in the North East and has been in business for almost 30 years, offering a more local and ethical alternative for saving and lending.
Moneywise offer a range of loans and interest rates ranging from personal loans, pay day loans, saving plans, including payroll deductions.
The Illegal Money Lending Team (IMLT) supports Credit Unions as a safe and secure place for people to save and borrow. Find out more on their website.
How do you get access?
Residents in Sunderland can join now - there’s no joining fee.
How you can find out more
Starting to put something aside now could make a real difference - Money wise has some helpful frequently asked questions about saving with a Credit Union.
Borrowing, whether that’s short or long term, with the Credit Union is an ethical way to access affordable credit. Moneywise has a handy calculator to work out repayments and a range of different loan products available including their Family Loan.
The Family Loan product allows families or individuals in receipt of child benefit to have a loan of up to £500 from the Credit Union without having a credit check – conditional upon child benefit being paid directly from the DWP to the Credit Union.