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Whatever your goals, a credit union account can help you reach them. Simple, safe and affordable ways to borrow and save mean you can have peace of mind, knowing you’re in control of your money. That is why Clarion Housing Association is working in partnership with Leeds Credit Union to bring these services to all our residents - no matter where in the country you live.
Clarion Housing has partnered with Leeds Credit Union (LCU) to help resident’s access affordable ways of borrowing money.
What makes a loan from Leeds Credit Union different?
Take a look at Leeds Credit Union new loan comparison tool to compare them with alternative lenders.
Having a credit union saving account is a great way to put a little away on a regular basis. It can be as little as £1 a week and will help when those little emergencies crop up and you need some extra cash. LCU have a number of different saving schemes, including a regular savings account, junior savers and a Christmas club. This allows you to save through the year, but not be able to withdraw until November, so resisting the temptation to withdraw your money early.
The Leeds Credit Union Bill Paying Account is designed to help you pay your bills without worry. We agree with you a fixed monthly amount to pay in to cover the cost of the bills and then:
Find out more about the Leeds Credit Union bill paying account.
Clarion Futures is an appointed representative of Clarion Housing Association Limited which is authorised and regulated by the Financial Conduct Authority.
No, an LCU savings account is available to all Clarion residents and employees based in the UK.
You can still keep your account with Leeds Credit Union.
If LCU feel you would not be able to make repayments and that you may benefit from some support, then, if you wish, your details can be passed on to Clarion Futures Money Guidance Team and a Money Guidance Officer will contact you to provide support with your finances. Alternatively, if you would prefer independent support we will look at referring you to organisations such as Step Change, or Citizens Advice Bureau.
Yes, showing you have a savings account with funds in will go towards improving your credit rating.
No, we ask that you open the account with £1 then the deposit amount is up to you.
Yes we pay 0.5% dividend on your Christmas Club Balance on the 31st October.
Withdrawals are allowed between 1st November & 24th December.
You can join online or a paper application form.
Yes, each loan assessment is based on ability to repay, so it all depends on how much income you have in relation to how much outgoings.
Yes, we will ask you what amount you would like to save and then add the loan amount and advise you of the deposit amount we will then split the amount to the relevant accounts.
You will need to put this in writing to LCU. If you use the LCU online banking service, you can do this when logged in, usingthe contact us option.
A low cost loan offer is aimed at supporting our residents to access affordable credit. There are a number of payday loan companies, that provide high interest loans, very often with extra charges and fees added if you miss payments. We want to ensure our residents have alternative forms of credit that have much more responsible lending practices.
LCU are capped as a Credit Union at 42.6% APR, so that is the maximum any member will pay, but each loan application is assessed on individual merit, and an appropriate interest rate is applied.
No, unlike some credit unions; with Leeds you can apply for an instant loan. You join if your loan application is successful.
Yes, but it does need an adult to act as guardian of account.