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 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
|Provider||Interest Rate (APR)||Repayments||Total Interest Paid||Total Cost of Loan|
|City of Plymouth Credit Union||26.82%||£90 per month||£35.33||£535.33|
|Provident||535.3%||£130.00 per month||£280||£780|
|Loan Pig||1309%||£166.67 per month||£500||£1000.00|
|Sunny||1291%||£165.53 per month||£493.20||£993.23|
Why not explore this web site to see what we can offer you.
Office and Service Point Locations
Updates and Press Releases
As a direct result of the Coronavirus pandemic, all Service Points are now closed. The office at Frankfort Gate remains open to personal callers, but we ask that you observe the Social Distancing measures – only one person in the office at any time. The Devonport office is closed to personal callers, but you can make contact by email or phone. For a full round-up of the measures we are taking during this difficult time, see out COVID-19 page.
Following government advice on social distancing, we are further restricting the number of people in the Frankfort Gate Service Point to ONE ONLY AT A TIME. Please bear with us at this difficult time. I’m sure you can appreciate that this is for the benefit of both members and staff. Keep updated with how we are dealing with Coronavirus here.
As an added precaution to ensure the service we offer our customers can continue, the office at Devonport will be closed to personal callers from Thursday, 19 March 2020 until further notice. We are doing this to help protect our key back-office staff who are responsible for the smooth running of the credit union. You can still contact us by phone or email using these contact details or by visiting our Frankfort Gate office which is open to personal callers and where you can also withdraw cash. We apologise for any inconvenience, but we’re sure you will understand how important this small team is in providing the service you depend on.
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.
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 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.
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.
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.
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.
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)