Community Contact Details
St Machar Credit Union LtdWoodside Fountain Centre
Main Contact - ChairpersonMichelle Forbes
Tel 01224 524935
Times (opening, meeting, training, etc.)Main office open Monday - Friday 9.30am - 4.30pm & open late until 7pm on Thursdays. Collection points also available in different areas at alternative times - please call for information or check the website (see link above).
Further InformationThe Credit Union is a savings & loans co-operative available to those who live or work in the following areas of Aberdeen - Woodside, Fersands, Tillydrone, Froghall, Sunnybank, Seaton, Linksfield, Pittodrie, Fraser Court, George Street (top end), Powis, Kittybrewster, Printfield, Hilton, Middlefield & Heathryfold.
Standard loans are based on double your savings (saved over a period of 13 weeks/3months) to be repaid over one year. Interest is 1% on the reducing monthly balance (APR 12.6%).
Example: Borrow £500 & this will cost you £31 in interest, plus increase your savings.
Benefit/Low Income loans are by interview only at the main office. Show proof of benefits & apply for £50-£500. Interest is 2% on the reducing monthly balance (APR 26.8%) with 1% refunded on exact loan term completion.
Example: Borrow £500 & this will cost £63 in interest, plus built up your savings.
No hidden charges, free life assurance, repay early without penalty, continue to save while repaying your loan & now view your account online and find us on facebook!