Founded by GMB in 1999 as a simpler, fairer 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 £85,000 by the FSCS.
We do not meddle in the money markets; instead we keep it simple pooling member savings and then lending to other members. This ensures that money circulates solely for the benefit of the GMB community. To date GMB members have borrowed over £45 million from their Credit Union. 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.
As a member owned democratic financial institution we are focused not on profit but on the wider financial health of our members. Trading surpluses are returned to members as an annual dividend on savings and reinvested in the Credit Union to ensure that we deliver a quality service to all GMB members. We encourage members to aquire the savings habit and to be wise borrowers and to support these objectives we offer very competitive interest rates on savings and loans .
Our Credit Union Board and its Committees are elected by members at our AGM and we operate from our registered office in South Manchester where we employ full time professional staff to serve members.
It's your Credit Union so take advantage of this member benefit and enjoy simple, secure, socially responsible financial services.
Find out more information at the GMB Credit Union website:www.gmbcreditunion.com
