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Federal Credit Unions, Credit Unions

Salford Credit Union

Salford Credit Union is a financial services company based in Salford, England. As a credit union, they offer a range of financial services to their members, including loans, savings accounts, and other financial products. Salford Credit Union is committed to providing affordable and accessible financial services to their members, and they are proud to be a part of the Federal Credit Union system. With their focus on community and member service, Salford Credit Union is a trusted and reliable partner for all of your financial needs.

Introduction to Salford Credit Union

Salford Credit Union is a financial cooperative that was established in 1998 to provide affordable financial services to the people of Salford, England. This not-for-profit organization is owned and run by its members, with the aim of promoting thrift and providing access to credit at reasonable rates. Salford Credit Union is unique in that it is a federal credit union, which means it is regulated by the Financial Conduct Authority and is part of a wider network of credit unions across the UK.

Services & products

Salford Credit Union offers a range of financial services to its members, including savings accounts, loans, and mortgages. Members can also access a range of other financial products, such as prepaid debit cards and insurance products. The credit union prides itself on offering fair and affordable financial services, with competitive interest rates and no hidden fees.

Location

Salford Credit Union is located in Brotherton House, on Loganberry Ave in Salford, England. The area is a mix of residential and commercial properties, with a range of shops, restaurants, and other businesses nearby. The credit union is easily accessible by public transportation, with the closest bus stops being on Langworthy Road (0.2 miles), Eccles Old Road (0.3 miles), and Seedley Road (0.4 miles).

Benefits

One of the main benefits of choosing Salford Credit Union is that it is a not-for-profit organization, meaning that it is run solely for the benefit of its members. This means that any profits are reinvested into the credit union, rather than being paid out to shareholders. Additionally, Salford Credit Union offers fair and affordable financial services, with competitive interest rates and no hidden fees.

Good to know

Customers should be aware that Salford Credit Union is a regulated financial institution, and as such is subject to strict rules and regulations set out by the Financial Conduct Authority. Members should also be aware that they are required to meet certain eligibility criteria in order to become a member of the credit union.

Reviews

Customers have praised Salford Credit Union for its friendly and helpful staff, as well as its fair and affordable financial services. Many customers appreciate the fact that the credit union is owned and run by its members, and that profits are reinvested back into the organization. Overall, customers seem to be very satisfied with the services provided by Salford Credit Union.

Amenities

  • amenity
    atm
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    online banking
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    mobile banking
  • amenity
    loan services
  • amenity
    insurance services
  • amenity
    credit card services
  • amenity
    bill payment services
  • amenity
    savings account
  • amenity
    checking account
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    money transfer services
  • amenity
    online bill pay
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    online statements
  • amenity
    secure login
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    24-hour member support

FAQ

What interest rates do you offer on savings accounts and loans?

We offer competitive interest rates on our savings accounts and loans. Our rates may vary depending on the type of account or loan you choose and your individual creditworthiness. We recommend contacting us directly or visiting our website for the most up-to-date information on our rates.

What are the eligibility requirements for becoming a member of your federal credit union?

To become a member of Salford Credit Union, you must live, work, study, or worship within our common bond area, which includes Salford and the surrounding areas. You will also need to complete a membership application and provide identification and proof of address. Our staff can assist you with the application process and answer any questions you may have.

What fees or charges apply to using your credit union's services?

We strive to keep our fees and charges as low as possible for our members. Some of our services may have nominal fees attached, but we are transparent about these charges and will always inform you before you use the service. As a not-for-profit financial institution, our goal is to help our members achieve financial stability and success, not to earn profits from fees and charges.

What types of services do you offer, such as mobile banking or investment advice?

We offer a variety of financial services to our members, including savings accounts, loans, budgeting tools, and more. We also offer mobile banking through our mobile app, which allows you to manage your accounts and transactions from your smartphone or tablet. While we do not provide investment advice, we can help you plan for your financial future and make informed decisions about your money.

How do you ensure the security of my personal and financial information?

At Salford Credit Union, we take the security of our members' personal and financial information very seriously. We use industry-standard security measures, such as encryption and firewalls, to protect our systems and data from unauthorized access or attacks. We also require strong passwords and multi-factor authentication for all online and mobile banking transactions. Additionally, our staff are trained on best practices for data security and privacy, and we conduct regular audits and tests to ensure our systems remain secure.

Reviews

  • Joanna Birch (Joanna)

    29-03-2023

  • Pete B

    Absolutely shocking service, been with them for about a year now. Constantly giving excuses on why payment has not been sent to my bank plus money never hardly goes in on the day or time they say. Having to call constantly just to get my money is pathetic. I'm glad I don't rely on CB weekly but if other people do then definitely don't use SCU as after a while of being with them they stop caring about giving a good service.

    28-02-2023

  • Tania Pocock

    29-01-2023

  • Isha M

    You get No Response. I know people who sent their application weeks ago. Nothing. Wow. I didn't know an organisation could be this rude. So if people were struggling and this was a last resort before stepping into dangerous territory, they would be forced into, not because you got a no, but because you were ignored. Shame on you. These are suppose to be community based organisations as well. Horrid people. Horrid service. The worst.

    29-12-2022

  • Chris Moddgzfuyb m

    29-10-2022

  • David McGrath

    Credit unions are great, much better than banks. Seeing some rubbish negative comments for Salford CU. If you can’t afford a loan they won’t give you one, as unfortunate as that is. If you have a loan it may be agreed against savings and that’s why you can’t access savings. Everything is explained to you when you apply. Member for 7+ years.

    29-09-2022

  • sheridan chapman

    29-06-2022

  • jairo de con perez

    If you are on low income and benefits do not bother as they will tell you they will not give you even the smallest loan. So they forced people into loan sharks

    29-06-2022

  • Tracie Cham

    29-05-2022

  • Chloe Beswick

    Been with them for over a year and aa half and I asked to access some of my savings and they said I can only have 8 pounds that's a disgrace what are the saving for really the people who work their...

    29-05-2021