Ipswich and Suffolk Credit Union is a Credit Union.

Credit Unions are financial co-operatives owned and run by their members to provide an alternatives to banks, building societies and high interest lenders.

Once you  become a member you can save by paying in at any of the collection points, or by setting up a standing order.

You can apply to borrow after you have saved continually for 13 weeks or 3 months. There is no credit scoring and loans are charged at a fair rate of interest   1% to 2% per month on the declining balance (12.7 % APR - 26.8% APR).

Money saved with a credit union is just as safe as money in the bank. Like banks, Credit Unions are regulated by the Financial Services Authority and your money is covered by the Financial Services Compensation Scheme just as the banks.