Hampshire & Isle of Wight Credit Union

UnitedSavings&Loans

Hampshire & Isle of Wight Credit Union

Who are USAL?

• Founded in 2001• Branches and service points throughout

Hampshire & Isle of Wight• Providing affordable loans, current accounts,

Budgeting accounts and saving accounts for all our members.

Hampshire & Isle of Wight Credit Union

How does USAL work?

• Not-for-profit organisation• No external shareholders • Any profits made are used to secure our

future, improve our services, and returned to members in the form of dividends

• People who join a credit union are called its members, and the credit union is run purely for their benefit.

Hampshire & Isle of Wight Credit Union

How are we regulated

• Prudential Regulation Authority• Financial Conduct Authority• Covered by the FSCS up to £85,000

Hampshire & Isle of Wight Credit Union

jam jar Account

Payments in Credit Union Bank

Account Jam Jar Account

Current AccountPrepaid Card

Rent

Other Bills• £5.00 Monthly fee full account• £2.00 monthly Fee (Rent Only Account)

Hampshire & Isle of Wight Credit Union

# Borrow up to £300 (subject to status) # Repayable over a maximum of 3 months # same day payment available* # 26.8% apr on reducing balance

Hampshire & Isle of Wight Credit Union

Any Questions?