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Our name is changing
- Plymouth and District
Credit Union will be changing the
name it trades under back to HOPE (Plymouth) Credit Union Ltd.
We're doing this as a result of feedback
from our customers who say that the Plymouth and
District name is too easily
confused with the name of the other credit
union in the city. It will take some time
for us to complete the change, so please
bear with us as we carry out the updates.
And don't worry about which name you use,
both will be accepted by us and our banking
partners for the foreseeable future.
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What is a Credit Union?
- A locally based community organisation
that offers a secure savings and loans
facility at convenient places in the
Plymouth area of Devon, England.
- HOPE offers an opportunity to members to
save and is a source for low cost loans. For
instance, you could borrow £500 for 12
months and pay as little as
£33.04
total interest1.
Compare this to doorstep lenders or payday
lenders and see how much you could save!
Try our Loan
Calculator to get a quotation for your
loan.
- It gives people in the community the
chance to be part of their own financial
co-operative.
- Your savings and loans have valuable Life
Insurance, so if the worst happens, you’re
covered. In fact, in most cases, your loan
will be repaid, and your shares will be
repaid with a bonus.
1(Based
on an APR of 12.68%, 11 repayments of £44.50
per month and one of £43.54.)
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Who can join as a member?
- Anyone over 16 living or working in the
area covered by the credit union. In the
case of HOPE, this is anywhere within the
City of Plymouth. We also have junior
savings schemes for those under 16.
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Is my money safe?
- All credit unions are authorised by the
Financial Services Authority (FSA).
- Your savings are guaranteed by the Financial Services
Compensation Scheme which means that,
if the credit union becomes insolvent, your
savings are safe.
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To find out more,
please contact
us
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Do you have debt problems?
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Useful links

Financial
Service
Authority

Association of British Credit Unions

Consumer
Credit
Counselling Service

Money
Advice
Service
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Plymouth and District Credit Union
is a trading name of HOPE (Plymouth) Credit Union
Ltd
Registered Office: 142 Union Street, Stonehouse,
Plymouth PL1 3HL. Registered Number IP00561C
Authorised and Regulated by the Financial Services
Authority. FRN 213688
A Member of the Association of British Credit Unions
Ltd (ABCUL)
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