Welcome to City of Plymouth Credit Union

A safer way to save, a cheaper way to borrow.

The City of Plymouth Credit Union Ltd is an ethical,  not for profit, member-owned financial organisation.

We are fully 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 Super Savers Loan of £500 over 6 months

ProviderInterest Rate (APR)RepaymentsTotal Interest PaidTotal Cost of Loan
City of Plymouth Credit Union26.82%£90 per month£35.33£535.33
Provident535.313%£130.00 per month£280£780
Loan Pig1309%£166.67 per month£500£1000.00
Sunny1291%£165.53 per month£493.20£993.23

Why not explore this web site to see what we can offer you.

What Is A Credit Union?

A short introduction

Office and Service Point Locations

Main Office locations         Service Point locations

Click here to see today's open service points and their addresses

Updates and Press Releases

cash register

Loan Payment Changes

As a result of the much-increased workload at Christmas and to help protect our staff and […]

Christmas Arrangements

If you have a Christmas Club Savings Account, you can withdraw all or part of your savings from November 1 onwards.

All-New CPCU Newsletter for January 2021

City of Plymouth Credit Union is starting the New Year with the first of an all-new series of monthly Newsletters. Click to see full article.

See All Our Updates and Press Releases

Latest news

Motorists Could Be Fined For Missing MOT Deadline

Read this story explaining how motorists could be caught out with no MOT following the expiration of the Covid 6-month extension.

Receiving Severe Disability Premium? The Rules Are Changing

For those people receiving Severe Disability Premium (SDP), the rules are changing. See the full story here.

1 in 4 Homeowners Paying The Highest Rate of Interest

Online mortgage brokers are finding that 1 in 4 homeowners are paying the top rate of interest on their mortgages. Some even think this will reduce the term of their loan. Full story here.

See all our news

Our Products


Saving with us couldn’t be easier. We have a wide range of savings accounts to suit your needs. You can pay into your savings accounts in many different ways, with cash, by standing order, or even direct from the Department of Work and Pensions.


We have a large range of loans to suit everything you could possibly need. Even if you have a poor credit history, we may still be able to help. Compare our interest rates with other high street providers and see how much you can save.

Prepaid Debit Card

A convenient and safe way to store and spend your loan or savings is to use one of our low-cost Prepaid Debit Cards. We can transfer money to your card which you then use anywhere like any other debit card. So easy and secure to use, much better than carrying large amounts of cash or writing cheques.

All Product Details

Our Services

Budget Accounts

Having problems paying your bills? When you make payments into your savings accounts, we can arrange that your regular bills are paid for you. Then you know that what’s left over is yours to spend.

Payroll Deduction

A great way to save or repay your loan. And because its deducted at source, you hardly notice it! Get your employer to join our scheme.

Rent Direct Scheme

Paying rent is often stressful both for tenant and landlord. We can help to reduce the stress.

Universal Credit

Universal Credit is coming to the South West. We can help make the transition

All Services Details
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Our Partners

We work closely with a range of partners who help us to deliver services to our members and in turn we help them deliver services and products to their customers and members. To find out more, see below.

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Plymouth City Council (PCC) help us in many different ways to deliver services to our members and as such are very important to us. Also, some of their employees are members of the credit union and use our Payroll Deduction Scheme to save and borrow. Click here to visit their website.

pch logo

Many of our members rent or lease properties from Plymouth Community Homes and, as with Plymouth City Council, many of their employees are part of our Payroll Deduction Scheme. To find out more about what they have to offer, click here.

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The Association of British Credit Unions Ltd (ABCUL) is our trading association. As well as being experts on all things credit union, they provide us with a forum where we can meet with and exchange ideas with other credit unions and help us with legislation by providing guidance and lobbying government on our behalf. Click here to find out more.

loan shark

We have teamed up with our friends in the Stop Loan Sharks team, part of the Illegal Money Lending Team based in Birmingham, on several occasions to promote the services offered by credit unions. They have also given us grants to carry out anti-money shark activities. Click here to see their website

Our staff

Our Board

What our members say

City of Plymouth Credit Union helped me tremendously to budget and pay my bills. Excellent personal one-to-one without quibble.

Mr P M, PL4, Plymouth

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.

Mr C S, Living in PL1, Plymouth

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.

Mr G, Living and Working in PL1, Plymouth

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.

Miss S, Living in PL1, Plymouth

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.

Mrs D, Living in PL4, Plymouth

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.

Our History

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.

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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)