HOPE Credit Union
- at the heart of your community
For all the
latest, see the News
page including updates on our Merger
our brilliant Prepaid
Members Vote For Merger - Now confirmed by FCA
- The merger has
been confirmed by the Financial
Conduct Authority (FCA) - we start to
operate as a combined credit union on
- At Special General Meetings held by HOPE
Credit Union on November 4 and November 18
2015 at Welcome Hall in Devonport, Members
voted overwhelmingly for a merger of the two
- At a Special General Meeting held by City
of Plymouth Credit Union on November 19 at
Welcome Hall in Devonport, Members confirmed
- We are now seeking the agreement of the
Financial Conduct Authority to begin
operating as one credit union with a target
commencement date of January 1 2016.
- Many thanks to all Members that
attended the meetings and provided us with
the mandate to go forward to provide a new
beginning for a combined credit union
based on our combined values.
- Keep an eye
on this web page. We'll update it
as we go forward to provide our
members a better, more comprehensive
What is HOPE Credit Union?
- A locally based community organisation
that offers a government guaranteed secure
savings and loans facility in what is known
as a Common Bond connecting members by
employment or geographical area. In the case
of HOPE, members either live or work in the
Postal Districts of PL1 to PL21 in Devon,
- 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
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
- It gives people in the community the
chance to be part of their own financial
- 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.
on an APR of 26.82%, 11 repayments of £47.50
per month and one of £44.55.)
What do others say about credit unions?
- The Guardian newspaper has an article
supporting credit unions. See full
- The Duchess of Cornwall is a credit union
member and supporter. See full
- Martin Lewis of moneyexpert.com
is a great supporter of credit unions.
- The Church of England actively promotes
credit unions, see full
article and this
message from the Archbishop of
Who can join as a member?
- Anyone over 18 living or working in the
area covered by the credit union. In the
case of HOPE, this is anywhere within in the
Postal Districts PL1 to PL21 in Devon.
We also have junior savings schemes for
those under 18.
Is my money safe?
Did You Know?
- We're on Facebook
Click on the links to see what's happening
at HOPE. Have a look, follow us and like
us! Let your friends know as well!
To find out more,
Do you have debt problems?
Follow us on
of British Credit Unions
Change Debt Charity
Registered Office: 142 Union
Street, Stonehouse, Plymouth PL1 3HL. Registered
Authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority.
A Member of the Association of British Credit Unions