Welcome to Hafren Credit Union

The merger of Hafren Credit Union and North Wales Credit Union is getting closer!

At its second Special General Meeting on March 19th, HCU members unanimously approved the move to join forces with NWCU in order to create a new, stronger credit union with strong links into each community in North and Mid Wales. We have now received final approval from the regulatory authorities and can complete our work on the merger. So watch this space for more news very soon. All our members will hear from us individually to confirm how the transition will take place.

Background

Hafren Credit Union was formed in March 2013; replacing the former Robert Owen Montgomeryshire Credit Union, to take advantage of new opportunities offered by changes to Credit Union legislation and to offer services over a much wider common bond.

 

Hafren Credit Union

• is a not-for-profit community bank
• is backed by the Welsh Assembly Government (WAG).
• offers safe and ethical savings and loans
• is available to anyone who lives or works in Powys.

There are currently 21 credit unions in Wales. Only 2% of adults in Wales are currently members of their local Credit Union. In Ireland, 70% of people are credit union users. Here at Hafren CU we want to increase membership so we can then offer more services to our members. For example larger Credit Unions are able to offer mortgages to help people onto the property ladder.

How It Works

When you open an account you become a member and a shareholder in the Credit Union. You gain access to low cost loans and are encouraged to save for the future. The interest we receive on loans pays for Hafren Credit Union’s running costs. Any surplus is paid back to our members through an annual dividend. The more members we have at Hafren Credit Union, the greater the chance that our members will receive an annual dividend, thanking you for being part of your community bank.

Services

We offer a range of financial services to our members such as:-

• Child savings accounts – never too early to save for those driving lessons, insurance and that first car
• Adult savings accounts – why not open a Christmas / holiday / fuel saving account? > click to open our Membership form
• Affordable loans
• Payroll deduction savings & loans – the money comes straight from your pay into your Hafren Credit Union account & enables you to access a preferential rate. (click to open the Loan Application form or click to open the Payroll Deduction Scheme form)
• Online banking
• PayPoint cards – for customers who prefer to save using cash


Need to borrow £1,500?
Repayment would be £21.04 per week for 18 months
Total repayment = £1,641 (for employees through payroll deduction)
Need to borrow £2,500?
Repayment would be £19.11 per week for 36 months
Total repayment = £2,980 (for employees through payroll deduction)

For more information please
Ring us on 01686 623741 or call in to see us at 20 Broad Street, Newtown SY16 2NA
Email us at office@hafrencu.org
Twitter: HafrenCreditUnion@PowysCU
Facebook: Hafren Credit Union(please login to access our group)

OPENING HOURS

MON

10am -1pm

General public

1:30 – 4.30pm

Closed

TUES

10am -1pm

General public

1:30 – 4.30pm

By appointment only

WEDS

By appointment only

THURS

10am -1pm

General public 1:30 – 4.30pm By appointment only

FRID

10am -1pm

General public

1:30 – 4.30pm Closed