Welcome to City of Plymouth Credit Union
A safer way to save, a cheaper way to borrow.
The City of Plymouth Credit Union is an ethical, not for profit, member-owned financial organisation.
We are dedicated to the economic development of the community in Plymouth, Devon, Cornwall and the Isles of Scilly, providing financial services to all our members including those who have been excluded from traditional services and who are often badly served by existing financial organisations.
We offer a real community-based alternative to banks and building societies. Using our members' savings, we provide loans at affordable, highly-competitive interest rates. We can provide assistance to members with our budget accounts to help ensure those important bills are paid on time. And, subject to certain terms and conditions, our members' Savings and Loans are covered by FREE life insurance.
We work in partnership with many local councils throughout the area to provide members with financial products and services which they find invaluable.
Compare our loan rates and see how much you can save
Cost Estimate for Loan of £500 over 6 months
|Provider||Interest Rate (APR)||Repayments||Total Interest Paid||Total Cost of Loan|
|City of Plymouth Credit Union||26.82%||£89.26 per month||£35.58||£535.58|
|Provident||535.3%||£30 per week||£280||£780|
|Wonga||1086%||£158.20 per month||£449.20||£949.20|
|Sunny||1291%||£165.53 per month||£493.20||£993.23|
Why not explore this web site to see what we can offer you.
Office and Service Point Locations
It’s half term, so the collection point at Ernesettle will be closed on the 18th February. Open next week as usual.
Did you know that we have three different ways for you to keep in touch with us on social media? Click to find out more.
City of Plymouth Credit Union is looking to recruit a new member to head our Front of House team. Interested? Then click above for full details.
What our members say
Mrs D approached the City of Plymouth Credit Union with the intention of renewing her loan. While assessing her application it was identified she had a series of pay day loans. She had taken one pay day loan to help towards her wedding, then to repay the loan she borrowed from another pay day lender. Then borrowed from a third payday lender to repay lender two at the same time borrowing money from lender one to cover living costs. Her husband was unaware of any of this going on. The City of Plymouth Credit Union consolidated the loans into one. Mrs & Mr D are now settled into married life and are happily repaying their loan to the Credit Union on an affordable basis.
Miss S had a problem with her car which required repairs costing over £300. She explained that, without her car, she would lose her job as it was required to enable her to visit her clients. City of Plymouth Credit Union offered her a low-cost loan to enable her to carry on in her employment.
Mr G was setting up a business and required to purchase a van to enable him to visit his clients. City of Plymouth Credit Union provided him with a personal loan to purchase a van. His business is now highly successful and he has paid back his loan in full.
We had to scrap our car last week. We are lost without a car. Luckily, I have been saving with City of Plymouth Credit Union for just such an emergency and were able to borrow £3,000 at a very low rate of interest. Even the car salesman remarked that the finance he could offer would have been more expensive.
City of Plymouth Credit Union helped me tremendously to budget and pay my bills. Excellent personal one-to-one without quibble.
Who We Are
The City of Plymouth Credit Union is a not for profit, member-owned financial organisation dedicated to the economic development of the community of Plymouth, Devon, Cornwall, and the Isles of Scilly. We provide financial services to all our members including those who have been excluded from traditional services.
- We serve Devon, Cornwall and the Isles of Scilly
- We provide financial services including savings and loans
- We are dedicated to combating Financial Exclusion
How Can I Get Involved
Are you interested in helping your community thrive? Do you think that helping them financially is the way to go? Then we have lots of vacancies for volunteers to help deliver an ethical, community-based financial service throughout Devon and Cornwall. Future employers also tend to look favourably on applicants who have a background in volunteering.
1997 - The West Plymouth Credit Union was officially registered. Our common bond was limited to Mount Wise, Devonport, Keyham, Ford, Stoke and Pennycomequick.
1999 - Moved into first office at Community Corner, Wolseley Road Flats.
1999 - Our common bond was expanded to include North Prospect, Ham, Camels Head, Peverell and Pennycross.
2001 - Moved into current office at 14 Cumberland Street, Devonport.
2002 - Accounts computerised and first paid staff employed.
2002 - Credit unions became subject to regulation by the Financial Services Authority.
2006 - Our common bond was expanded to include the whole of Plymouth and our name was changed to the City of Plymouth Credit Union.
2007 - Began offering our capacity-based Wise Finance loans.
2010 - Plymouth City Council and Plymouth CityBus payroll deduction schemes launched.
2011 - Our Local Housing Allowance scheme launched.
2011 - New website enabling online account access launched.
2016 - Merger with HOPE Credit union.
Registered Office: 14 Cumberland Street, Devonport, Plymouth, PL1 4DX Registered Number IP00511C
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority. FRN 213937
A Member of the Association of British Credit Unions Ltd (ABCUL)