My Community Bank

What is a Credit Union?

Credit unions are like traditional banks in the sense that both institutions offer financial products to customers. Credit unions differ from larger banking chains in two distinct ways:

  • A credit union is a not-for-profit institution. They offer offer higher interest rates on savings accounts and lower interest rates on loan products .
  • A credit union is a cooperative, which means it is owned and operated by its members, as opposed to being owned by its stockholders like a bank. Your initial membership deposit makes you a part owner of the credit union and gives you a say in the credit union’s decisions. They are member-focused institutions, not profit focused.
My Community Bank Wales helped me bring my monthly payments from £500 to £240. The application took me 5 minutes, and the staff were very helpful.
-John, Swansea, Wales

Why borrow from us?

My Community Bank Wales provides a variety of loan types to meet your personal needs.

Lower Loan Rates

Credit unions offer the same financial products as banks, but they are much cheaper for people who cannot access the very best rates from banks.

No Fees

There are no early repayment, arrangement or admin fees. You only pay back what you borrow.

Customer Focused Banking

Due to the unique membership structure of a credit union, all members have an equal vote in any decisions made by the credit union, and they all work to serve one another

We Lend Responsibly

We only lend what you can afford to pay back. We want to break the cycle of debt, not add to it.

Consider saving instead?

Open a savings account online today with our easy application process. Check out what savings account are available.

Personal Loans details

  • Personal Loans range from £ to £, for a term of to months
  • The rate you will be charged will be between % APR and % APR
  • Easy to complete online application process and an instant decision
  • Fixed monthly repayments
  • No arrangement fees
  • No Hidden Fees

Use Get My Quote to get a quick quote.

We treat all our customers and their applications on an individual basis. The rate is subject to change, and the representative APR may not be the rate you'll receive. We'll offer you a rate based on our assessment of your personal financial circumstances. The maximum APR you could be offered is 25.22%. All loans are subject to status

  • Assumed borrowing of £5000 over 36 months at 15.95% APR representative.
  • The monthly cost of £175.66.
  • Total amount repayable of £6232.76.
  • We offer loans from £1000-25000 over 1-5 years at a personalised APR between 5.9% and 25.22%