If you’re an existing member, and you’ve already had a Family Loan with us, then our Family Loan Plus could mean that you can borrow more (based on affordability and linked to your savings balance).
Below are the simple requirements to apply for our credit union Family Loan Plus.
If you meet the above criteria, then our application process is very simple!
The repayments can be arranged to suit you.
You can decide how much of your child benefit is placed into your savings account (subject to a minimum of £2 per week / £10 per month).
What other benefits does the Cash Box Credit Union have?
If you need more information on our credit union Family Loan Plus, please contact our friendly staff on 0161 342 3266 or by emailing enquiries@cashbox.org.uk.
Credit Unions are financial community co-operatives that promote savings as well as loans.
Credit Union members pool their savings to provide the funds from which loans are made. The interest on loans pays for the running of the credit union and if there is a surplus, members get a share of the profit known as a dividend.
We expect all of our members to save as much as they can afford, even if they are repaying a loan. As a minimum, we would expect you to save at least £2 per week/£10 per month and keep this in your savings account while you have a loan outstanding with us. Once your savings balance is higher than your loan balance, you may if you wish withdraw the difference.
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