We are the Credit Union for GMB members and their families nationally. Founded by the GMB in 1999 as an alternative ethical savings and loans provider we are 100% owned and operated by GMB members.
GMB Credit Union is regulated by the FCA (Financial Conduct Authority) and the PRA (Prudential Regulator Authority). Members savings are fully protected up to £75,000 by the FSCS.
We do not invest in the money markets; instead member savings are pooled and then lent to other members thereby ensuring that money circulates solely for the mutual benefit of the GMB community. Todate GMB members have borrowed over £40 million from their Credit Union
Our trading surpluses are returned to members as an annual dividend on savings and reinvested in the Credit Union to ensure that we deliver competitive savings and loan services for all GMB members.
The Credit Union Board and its Committees are elected by members at our AGM. We operate from our registered office based in South Manchester where we employ full time professional staff to serve members.
It's your Credit Union and if you are a GMB member you are eligible to apply for a member loan straight away, there is no need to save before borrowing. So join your Credit Union today and support our on-going campaign for greater financial inclusion through the provision of simple, secure and socially responsible financial services.
Member Savings – Easy Access Accounts
- Member Savings Account
- Junior Savings Account
- Christmas Club
- GMB Branch Deposit Account
Member Loans – fair, flexible and fast loans
- £100 - £15,000
- Repay up to seven years depending on purpose
- No fees or early repayment charges
- Interest charged on the reducing balance
- Competitive interest rates
Find out more via our website http://www.gmbcreditunion.com/