Taunton & West Somerset Credit Union
We are here to help people in our local community with secure savings and low cost loans. If you would like to save and borrow with us, do call in to one of our collection points. Or you can make an appointment by giving us a call, or emailing firstname.lastname@example.org . Download our latest newsletter here.
What We Offer
- Low Cost Loans
- Anyone living in West Somerset can apply
- Regular savings, no amount is too small
- Joining Fee of £1, annual fee also £1
- Annual Dividend Paid
- Savings held as secure shares
Savings with Moorvale are secure and guaranteed repayable by government; they enable Moorvale to invest in loans for the benefit of people in the local community. We do not risk our members’s savings in the financial markets. The maximum shareholding for an individual is £15,000.
Why Borrow from Moorvale?
Interest charges are small. You pay back less, and for a shorter time, than to other lenders. We can keep interest rates low because we have very low overhead costs and our profits belong to our members.
How do I become a member?
Membership is open only to individuals who live or work in Taunton Deane or West Somerset. There is an initial £1 joining fee and at least £1 should be paid into the share account. An annual affiliation fee of £1 is deducted from each share account to pay for services supplied to Moorvale by national credit union organisations. Under current legislation we cannot accept business accounts.