Credit unions

A credit union is a 'not for profit' financial organisation that provides savings and loans accounts for its members.

In many ways a credit union is just like any other bank. The big difference between a credit union and a bank is that a credit union is owned and run by its members. A credit union does not make huge profits or reward its directors with enormous salaries.

NE First Credit Union covers the whole of the North East, including County Durham, Northumberland and all of the boroughs that make up Tyne and Wear (Newcastle, Gateshead, Sunderland, North Tyneside and South Tyneside). Anyone who lives or works in this area is also eligible to join.

The benefits of being a member of NEFirst include:

• access to straightforward and secure savings accounts
• the availability to members of loans at interest rates that are much lower than many loan providers (especially pay-day loan companies and pawn brokers)*
• free life insurance on savings and loans**

NEFirst have officers in Gateshead town centre, Birtley, Durham, North Shields and a number of regular service/collection points.

*loan interest rates depend on personal circumstances.

**life insurance subject to terms and conditions

For more information call 03 3005 53666 or email info@nefirst.co.uk