Description Newcred, London
NewCred is a community based credit union. It is a not-for-profit organisation owned and run by its members. As part of a worldwide credit union movement it provides financial services to the people of Newham. NewCred strengthens social networks and contributes to the local economy.
NewCred aims to be the primary provider of low cost affordable financial services in Newham.
NewCred is a community based Financial Co-operative, which provides savings, low cost loans and other financial services to its members. It is a not for profit organisation. NewCred is owned and run by its members.
Everyone who lives or works in Newham can join. By becoming a member you will benefit from: Flexible savings to suit your needs Saving as little or as much as you can afford regularly Efficient and friendly service Flexible loan repayments- no penalty for early repayments.
Free life insurance cover for loan and savings Getting your salary or benefits paid directly into your account Free membership for young savers. Your money being protected by the Prudential Regulation Authority You can save for: Holidays New Kitchen or Bathroom Wedding Car Christmas or other festivals Birthdays College or university fees Ways to Save Standing Order through your bank or building society Payroll deduction (participating employers only) Cash/cheques over the counter at NewCred's office (Cheques take 8 working days to clear) PayPoint (outlets throughout UK) Cheques by post It is very easy to join, pop along to the office bringing with you: two forms of identification, one showing your date of birth and the other showing you address e.birth certificate, passport, utility bills your bank account details if you wish to save by standing order a minimum of £1 to activate your account.
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