Borrow up to £400
Looking to build a good credit history?
Are you are a Lone Parent, Unemployed or on a Low Income and live in North Ayrshire? Are looking to borrow a small pot of money below £400 at just 3% a month on the reducing balance, then the Better Off North Ayrshire Loan is for you. This loan product is a great way for you to build a good credit history and improve your credit score.
Applying for a loan
Members should contact the head office on 01294 557 123, to discuss their loan requirements.
Please note that we check your credit report with Experian and will report to Experian on your payments.
1st Alliance (Ayrshire) Credit Union covers members shares and loans in the event of death. It is a financial benefit that supports your family when they most need it. On joining members instruct who should be the beneficiary of the account. The value of this payment is directly linked to your savings and your age.
How it works:
The first £10,000 of shares is covered by this insurance. On the members 65th birthday, the balance of the shares is ‘locked in’ and thereafter shares are covered by the 25% rule.
Member has been saving regularly and passes away at 60 with £4,000 in account.
The beneficiary will receive a total of £8,000 (subject to conditions).
Member has been saving regularly and passes away at 70 with £4,000 in account, £3,000 of which was held in the account at 65.
The beneficiary will receive £7,250 (subject to conditions):
£3,000, plus £3,000 for the balance at 65 and then 25% of the £1,000 saved after 65.
How it works:
Loans are also insured in the event of death. Existing medical conditions are covered after six months (subject to conditions).
The terms of this member benefit may change from time to time. The applicable rates / amounts covered are those prevalent at the date of death.
Please note: This benefit does not mean you have an insurance policy.