We at the City of Plymouth Credit Union have been busy looking at our existing loans and seeing what we can do to improve what we offer based on feedback from our members and from our staff. We’ve concentrated on developing the loans which we find we are issuing most often. As a result, we now have five types of loan, a Starter Loan for new members and existing members with low amounts of savings, a Regular Savers Loan at a preferential interest rate for members who have had loans in the past and have a good loan history, a Super Savers Loan for members who have sufficient savings to partially guarantee a loan and a Fully Secured Loan for members who can fully guarantee a loan with their savings. And of course we still have our Payroll Loan for members whose employer is part of our Payroll Deduction scheme.
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